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U.S. MBAs Mortgage Applications Index Decreased 6.2% Last Week (Bloomberg) |
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Written by Webmaster
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Wednesday, 19 November 2008 |
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Nov. 19 (Bloomberg) -- Mortgage applications in the U.S. dropped last week as demand for home-purchase financing slumped to an almost eight-year low. The Mortgage Bankers Associations index of applications to purchase a home or refinance a loan fell 6.2 percent to 398.6 for the week ended Nov. 14, from 425 the prior week.
UPDATE: Mortgage Applications Fell 6.2% Last Week: MBA (Nasdaq)
CHICAGO (Dow Jones) -- Mortgage applications fell a seasonally adjusted 6.2% last week from the prior week, as lower interest rates on fixed-rate mortgages failed to stir prospective homebuyers to action, the Mortgage Bankers Association reported on Wednesday.
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Last Updated ( Wednesday, 19 November 2008 )
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