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Macroeconomics  |  August 08, 2012 15:56:00

Mortgage applications last week fell in the U.S.


Applications for mortgages last week in the United States fell, affected by weak demand for housing and refinancing. According to the Weekly Review nationwide Banking Association (MBA) to 3 August weakened composite index by 1.8% after growth of 0.2% in the previous period. Refinancing index fell by 1.9% after increasing by 0.8% a week ago. The proportion of the total number of refinancing applications stagnated at 81.2%. Mortgage Index, a leading indicator of sales of houses, lost 1.4% and remained in the fourth week of decline.The average rate of 30 - year fixed-rate mortgages are only slightly increased by 1 basis point to 3.76%.



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