FILE PHOTO: A ‘House For Sale’ sign is seen outside a single family house in Uniondale, New York, U.S., May 23, 2016. REUTERS/Shannon Stapleton/File Photo
February 14, 2018
NEW YORK (Reuters) – U.S. mortgage application activity fell to its lowest in five years as interest rates on 30-year fixed-rate home loans jumped to their highest in four years, the Mortgage Bankers Association said on Wednesday.
The Washington-based industry group’s index on mortgage request volume fell 4.1 percent to 399.4 in the week Feb. 9. This was the lowest reading since 390.2 in the Jan. 5 week.
(Reporting by Richard Leong; Editing by Bernadette Baum)
