File Picture: An unoccupied home is seen in the Penn Estates development where most of the homeowners are underwater on their mortgages in East Stroudsburg, Pennsylvania, U.S., June 20, 2018. Picture taken June 20, 2018. REUTERS/Mike Segar
December 12, 2018
NEW YORK (Reuters) – U.S. borrowers filed the most loan requests to buy a home and to refinance one in two months as some 30-year borrowing costs declined to their lowest levels since September, the Mortgage Bankers Association said on Wednesday.
The Washington-based group’s seasonally adjusted index on mortgage applications increased 1.6 percent to 346.0 in the week ended Dec. 7. This was the strongest reading since the week of Oct. 5 when it was 346.7.
(Reporting by Richard Leong; Editing by Chizu Nomiyama)
