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PHOTO FILE: Houses are being sold in the Southwest Portland, Oregon area on March 20, 2014. REUTERS / Steve Dipaola
NEW YORK (Reuters) – Mortgage demand in the United States has fallen to its lowest level in six weeks, even as mortgage lending costs have become cheaper due to lower bond yields. announced Wednesday the Mortgage Bankers Association.
The seasonally adjusted index of mortgage activity for home buying and refinancing decreased by 4.3%, to stand at 407.2 as of April 26, which is the largest lowest since 390.0 in the week of March 15th.
GRAPH: US mortgage applications – tmsnrt.rs/2RnEpRD
Richard Leong report; Edited by Chizu Nomiyama
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