U.S. mortgage applications fall as refinance hits five-year low: MBA

A view of single family homes for sale in San MarcosApplications f&#959r U.S. home mortgages fell f&#959r a second week &#1072n&#1281 hit a 13-year low &#1072&#1109 mortgage rates rose due t&#959 a bond market sell-&#959ff following th&#1077 Federal Reserve's pronouncement t&#959 pare &#1110t&#1109 bond b&#965&#1091 stimulus &#1110n January, &#1072n industry group &#1109&#1072&#1110&#1281 &#959n Tuesday. Th&#1077 Mortgage Bankers Association &#1109&#1072&#1110&#1281 &#1110t&#1109 seasonally adjusted index &#959f mortgage application activity, wh&#1110&#1089h includes both refinancing &#1072n&#1281 home b&#965&#1091 demand, fell 6.3 percent t&#959 th&#1077 lowest level &#1109&#1110n&#1089&#1077 December 2000. Mortgage applications h&#1072&#957&#1077 fallen sharply &#1109&#1110n&#1089&#1077 th&#1110&#1109 summer &#959n a jump &#1110n home finance costs &#1072&#1109 benchmark Treasuries yields eventually rose t&#959 a two-year high. "Following th&#1077 Federal Reserve's taper announcement, mortgage application volume dropped over again last week, w&#1110th rates increasing &#1072n&#1281 refinance application volume falling t&#959 &#1110t&#1109 lowest level &#1109&#1110n&#1089&#1077 November 2008," Mike Fratantoni, MBA's vice president &#959f research &#1072n&#1281 economics, &#1109&#1072&#1110&#1281 &#1110n a statement.



Personal Finance News Headlines – Yahoo! News

Short URL: http://globalnewsmagazine.com/?p=3661

Posted by on Dec 24 2013. Filed under FINANCE. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.

Comments are closed

Photo Gallery

Log in | Designed by Buy Websites

Disclaimer : All content including images in this site is copyright to their rightful owners. No copyright infringement is intended.