Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Mortgage Applications Rose Last Week as U.S. Refinancing Climbed

Aug. 20 (Bloomberg) -- Mortgage applications increased last week as Americans took advantage of falling interest rates to refinance their loans.

The Mortgage Bankers Association’s index rose 1.4 percent in the period ended Aug. 15 after declining 2.7 percent in the prior period, the Washington-based trade group reported today.

The refinancing gauge climbed 2.7 percent, while the measure of purchase applications dropped 0.4 percent, its third straight weekly decrease.

The share of applicants seeking to refinance rose to 55.1 percent, the highest level since the period ended March 14, from 54 percent the week before, today’s report showed.

The average rate on a 30-year fixed loan was 4.29 percent, down from 4.35 percent the week before and the lowest level in seven weeks. The average rate on a 15-year mortgage fell to 3.44 percent from 3.48 percent, its biggest drop since the end of June.

To contact the reporter on this story: Victoria Stilwell in Washington at

To contact the editors responsible for this story: Carlos Torres at

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.