WASHINGTON (Sputnik) – The Mortgage Bankers Association (MBA), according to media reports, said its seasonally adjusted index of application of activity, covering home purchase and refinancing demand, fell 5.5 percent in the week of June 12, 2015.
“Applications for US home mortgages fell last week, as interest rates reached their highest level since October 2014,” Digital Look Web Financial Group reported.
The MBA also reported the seasonally adjusted sub-index of refinancing applications declined 6.9 percent, which is the lowest level since January 2015.
Moreover, the index of loan requests for home purchases, an indicator of home sales, fell 4.2 percent.
Overall, 30-year fixed mortgage rates increased 4.22 percent in the last week, the highest levels since October 2014.
The Mortgage Bankers Association is a US national association representing different sectors of the real estate financial industry.
