WASHINGTON -- Mortgage applications in the United States declined for the fourth time in the past five weeks, as purchases and refinancing eased.
The Mortgage Bankers Association’s (MBA) index dropped 1 percent in the period ended June 20 after falling 9.2 percent in the prior week, the Washington-based trade group reported Wednesday.
The measure for purchase applications decreased 1.2 percent last week after a 4.7 percent drop.
The refinancing gauge fell 0.9 percent following a 12.7 percent slump the previous week.
The average rate on a 30-year fixed loan decreased to 4.33 percent from 4.36 percent.
The average rate on a 15-year mortgage declined to 3.47 percent from 3.50 percent.
The share of applicants seeking to refinance rose to 52.1 percent from 51.7 percent the prior week, Tuesday’s report showed.
Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.
SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.
All contents herein copyright San Diego Source ® 1994-2015