October 10, 2018 / 1:25 PM / 7 months ago

U.S. mortgage requests fall as borrowing costs hit seven-year highs: MBA

NEW YORK (Reuters) - U.S. mortgage applications declined last week as home borrowing costs climbed to their highest levels in over seven years, propelled by a spike in bond yields during last week’s market selloff, the Mortgage Bankers Association said on Wednesday.

The Washington-based industry group said its seasonally adjusted gauge on consumer requests for a loan to buy a home and to refinance one decreased 1.7 percent to 346.7 in the week ended Oct. 5, marking its first decline in four weeks.

Reporting by Richard Leong

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below