U.S. mortgage applications fall as home loan rates hit 4-year high: MBA
Reuters
Published Feb 14, 2018 10:09AM ET
U.S. mortgage applications fall as home loan rates hit 4-year high: MBA
NEW YORK (Reuters) - U.S. mortgage application activity fell to its lowest in five weeks 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.
(This version of the story corrects mortgage application activity reference in first paragraph from "years" to "weeks,".)
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Written By: Reuters
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