Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Mortgage Applications in U.S. Retreated for Third Straight Week

Nov. 20 (Bloomberg) -- Mortgage applications in the U.S. dropped for a third consecutive week as refinancing eased to a two-month low.

The Mortgage Bankers Association’s index fell 2.3 percent in the period ended Nov. 15 after a 1.8 percent loss the week prior, the Washington-based trade group said today.

The group’s purchases measure climbed 5.8 percent to the highest since September. The refinancing gauge declined 6.5 percent to the weakest since mid-September.

The average rate on a 30-year fixed loan increased to 4.46 percent last week, the highest in a month, from 4.44 percent. The rate on a 15-year loan was unchanged at 3.52 percent.

The share of applicants looking to refinance decreased to 64.3 percent, the lowest since the period ended Oct. 4, from 66.3 percent.

To contact the reporter on this story: Ben Schenkel in Washington at bschenkel@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.