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U.s. Home Mortgages Applications Declines in the Week ended April 6 -Mba


News

  • The Mortgage Bankers Association said its sea/adj index of mortgage application activity fell 2.4 pct in the week ended April 6.
  • The MBA's sea/adj index of refinancing applications slid 3.1 pct.
  • The gauge of loan requests for home purchases fared better, edging down only 0.5 pct.
  • Thepurchase applications had climbed for the previous two weeks
  • The refinance share of total mortgage activity eased for the eighth week in a row to 70.5 pct of applications from 71.2 pct on week ending April 6 ,the MBA said.
  • The fixed 30-year mortgage rates averaged 4.10 pct, down 6 bps from 4.16 pct the prior week.
  • The survey covers over 75 percent of U.S. retail residential mortgage applications, according to MBA.

Published: 2012-04-11 12:13:00 UTC+00

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