• News
  • Real Estate

Mortgage apps fall

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.

User Response
0 UserComments