You are here

US mortgage activity rises as rates fall

Wednesday, August 9, 2017 - 21:56

fa-forsale-0908(1).jpg
US mortgage applications rose last week, led by an increase in refinancing activity, as home borrowing costs broadly fell, Mortgage Bankers Association said on Wednesday.

[NEW YORK] US mortgage applications rose last week, led by an increase in refinancing activity, as home borrowing costs broadly fell, Mortgage Bankers Association said on Wednesday.

The Washington-based group's seasonally adjusted index of overall mortgage activity rose three per cent to 418.7 in the week ended Aug 4. Its seasonally adjusted barometer on refinancing requests increased 5.3 per cent to 1,433.2 last week.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom