Mortgage Applications
Al Behrman/AP
By Caroline Valetkevitch

NEW YORK -- Applications for U.S. home mortgages fell last week as both purchase and refinancing applications slipped, 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, fell 1 percent in the week ended June 20.

The MBA's seasonally adjusted index of refinancing applications fell 0.9 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, fell 1.2 percent.

Fixed 30-year mortgage rates averaged 4.33 percent in the week, down 3 basis points from 4.36 percent the week before.

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

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Just yesterday there was an article on this site by the national Association of realtors, claiming that house prices rocketed up.

June 25 2014 at 9:23 AM Report abuse -1 rate up rate down Reply
1 reply to teabuster2's comment

Well, it's still up, and says prices up.less than expected.......this article is about interest rates, simpleton.
lay off the narcotics.

June 25 2014 at 12:45 PM Report abuse +2 rate up rate down Reply

Quite the mixed bag of indicators in housing.

June 25 2014 at 9:16 AM Report abuse -1 rate up rate down Reply