March 7, 2018 / 1:28 PM / 4 months ago

U.S. mortgage requests steady as borrowing costs hit four-year high: MBA

NEW YORK (Reuters) - U.S. mortgage applications held steady last week even as interest rates on 30-year fixed-rate home loans edged up to their highest level in four years, the Mortgage Bankers Association said on Wednesday.

FILE PHOTO: Homes are seen under construction in the southwest area of Portland, Oregon March 20, 2014. REUTERS/Steve Dipaola

The Washington-based industry group said its index on filings to lenders and banks to buy a home and to refinance an existing one was up 0.3 percent to 384.1 in the week ended March 2.

Reporting by Richard Leong

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