US mortgage applications near flat in latest week: MBA | South Salem NY Real Estate

 

Applications for U.S. home mortgages edged slightly lower in the latest week, an industry group said on Wednesday.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, slipped 0.2 percent to

The index hit its lowest level since December 2000 at the end of last year, soon after the U.S. Federal Reserve announced it would start pulling back on its $85 billion per month bond-buying program as the economy grows strong enough to stand on its own.

The interest rate on fixed 30-year mortgages averaged 4.52 percent last week, the lowest level since November and down 5 basis points from the previous week.

 

http://www.cnbc.com/id/101371017

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