weekly mortgage rates survey
Daniel Acker/Bloomberg via Getty Images
By Luciana Lopez

NEW YORK -- Applications for U.S. home mortgages rose as refinancing applications gained in the latest week, an industry group said Wednesday.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 0.4 percent to 405.2 in the week ended Jan. 31.

The index hit its lowest level since December 2000 at the end of last year, soon after the U.S. Federal Reserve announced it would start reducing its $85 billion a month bond-buying program as the economy grows strong enough to stand on its own.

The interest rate on fixed 30-year mortgages averaged 4.47 percent last week, down five basis points from the previous week.

The MBA's seasonally adjusted index of refinancing applications rose 2.9 percent. The gauge of loan requests for home purchases, a leading indicator of home sales, fell 3.8 percent.

The survey covers over 75 percent of U.S. retail residential mortgage applications, according to MBA.


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corsuntrk

the correct address corsuntrk@aol.com my tears got in the way

February 05 2014 at 12:49 PM Report abuse -2 rate up rate down Reply
corsuntrk

I am having problems saving my home from fourclouser with citi mortgage since my husband passed away. I have sold all my jewery he bought me including wedding ring to get them the 16,500$ they wanted and told me that it would bring me current and would go ahead with a new payment plan::::: never received just more fourclouser notices. Now trhey want 32,000$ to bring current. I have called all over to try to get a loan to get them off my back,,, no help at all.. I need help to save my home. My daughter and grand daughter live with me and we have 3 incomes. I feel that because I am a widow and 65 and white i am discrimited aginst. The Obama site to help familys in mortgage trouble is just a way for his people to get info on you. Please dont go there,it wont help and neither will quicken loans,... I only owe 38,000$ on the house + the above mentioned and a heloc of 47000$ help me some one. I WANT AND NEED TO KEEP THIS HOUSE... cousrntrk@aol.com

February 05 2014 at 12:38 PM Report abuse -3 rate up rate down Reply