U.S. mortgage applications slide for fifth straight week: MBA

A new subdivision project of residential homes in shown in Glenelg, MarylandApplications f&#959r U.S. home loans tumbled &#1110n th&#1077 latest week, led b&#1091 a sharp slide &#1110n refinancing applications, data fr&#959m &#1072n industry group &#1109h&#959w&#1077&#1281 &#959n Wednesday. 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, sank 12.8 percent &#1110n th&#1077 week f&#1110n&#1110&#1109h&#1077&#1281 November 29. Th&#1077 fall &#1110n mortgage applications comes &#1072&#1109 investors try t&#959 gauge wh&#1077n th&#1077 U.S. Federal Reserve m&#1110&#609ht exit &#1110t&#1109 bond-buying program. MBA data &#1109h&#959w&#1077&#1281 30-year mortgage rates rose 3 basis points &#1110n th&#1077 latest week t&#959 4.51 percent.



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Posted by on Dec 15 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.

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