U.S. mortgage applications rise in latest week

August 20
11:31 AM 2014

Applications for U.S. home mortgages rose last week as demand for refinancing increased, an industry group said on Wednesday.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 1.4 percent in the week ended August 15.

The MBA's seasonally adjusted index of refinancing applications rose 2.7 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, fell 0.4 percent. Fixed 30-year mortgage rates averaged 4.29 percent in the week, down 6 basis points from the week before.

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

© 2022 VCPOST, All rights reserved. Do not reproduce without permission.


Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics