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Macroeconomics  |  May 30, 2012 14:00:00

Applications for mortgages last week fell in the U.S. (30/05/2012)


Applications for mortgages last week fell in the United States despite the fact that interest rates were the lowest in history, said the latest weekly report. Composite index that tracks the demand for housing and refinancing, to 25 May fell by 1.3% and followed growth of 3.8% a week ago, said a nationwide survey Banking Association (MBA).

Seasonally adjusted index of mortgage has lost 0.6%, followed by a decline by 3.0% in the previous period. Demand for mortgages slowed three weeks in a row and was the lowest since 30 of April.Indicator refinancing rose by 1.5% after increasing by 5.6% a week ago, rising four weeks. The proportion of the total number of refinancing applications stagnated at 76.6%. The average rate of 30 - year fixed-rate mortgages fell by 2 basis points to new record low 3.91%. MBA survey covers more than two-thirds of all mortgage applications in the U.S..

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