GO
Loading...

US mortgage applications increased last week as rates fell: MBA

Mortgage applications Bank of America
Patrick T. Fallon | Bloomberg | Getty Images

Applications for U.S. home mortgages rose last week as interest rates declined, 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 4.3 percent in the week ended April 11.

The MBA's seasonally adjusted index of refinancing applications jumped 6.9 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, rose 1.3 percent.

Fixed 30-year mortgage rates averaged 4.47 percent in the week, down 9 basis points from 4.56 percent the week before.

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

By Reuters

Contact Real Estate

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.
  • Diana Olick

    Diana Olick serves as CNBC's real estate correspondent as well as the editor of the Realty Check section on CNBC.com.

Home prices and supply map

  • Track the latest moves in sales, prices and inventory in some of the largest housing markets across the country.

Latest Special Reports

  • Tips on the best-performing portfolio strategies and global market trends that can help you become a smarter investor.

  • The nexus of technology -- cloud, social, mobile and data -- are transforming user behaviors and creating new businesses.

  • Advisor-centric content with guest columns covering practice management, investment strategies and marketing/social media.