U.S. mortgage activity hits 2-month high as interest rates fall: MBA

FAN Editor
An unoccupied home is seen in the Penn Estates development where most of the homeowners are underwater on their mortgages in East Stroudsburg
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)

Free America Network Articles

Leave a Reply

Next Post

Zara owner Inditex hit by FX swings and warm weather

FILE PHOTO: Men walk by an Inditex logo at the entrance of a Zara factory, the headquarters of Inditex group, in Arteixo, northern Spain, March 9, 2016. REUTERS/Miguel Vidal December 12, 2018 By Sonya Dowsett MADRID (Reuters) – Zara owner Inditex missed sales and profit forecasts on Wednesday, hit by […]