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Macroeconomics  |  August 01, 2012 14:34:00

Mortgage applications are a week ago in the U.S. increased


Applications for mortgages in the last week in the U.S. driven by increased demand for refinancing. According to the Weekly Review nationwide Banking Association (MBA) to 27 composite index rose in July by 0.2% and followed growth of 0.9% in the previous period. Refinancing index increased by 0.8% after growth of 2.0% last week climbed to its highest level since April 2009. The share of refinancing to the total number of applications rose by 0.4% to 81.2%. Mortgage Index, a leading indicator of sales of houses, lost 2.1% and remained the third week of decline.The average rate of 30 - year fixed-rate mortgage rose 1 basis point to 3.75%. A week earlier remained unchanged at the lowest level in history.



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