Saturday, 16 Nov 2024

U.S. mortgage activity hits 2-month high as interest rates fall: MBA

NEW YORK (Reuters) – U.S. borrowers filed the most loan requests to buy a home and to refinance one in two months as some 30-year borrowing costs declined to their lowest levels since September, the Mortgage Bankers Association said on Wednesday.

The Washington-based group’s seasonally adjusted index on mortgage applications increased 1.6 percent to 346.0 in the week ended Dec. 7. This was the strongest reading since the week of Oct. 5 when it was 346.7.

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