U.S. mortgage applications fall on higher rates, storms: MBA

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Mortgage applications decreased 10.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage. the previous week and was 9% higher than the same week.

Translation: The Fed is likely to raise short-term rates in March at its next meeting. "Mortgage rates have climbed rapidly due in part to the U.S. economy. to see [application] volume fall off a.

U.S. mortgage applications to buy a home and to refinance one recorded their steepest weekly decline in four months as some mortgage rates increased to one-month highs, in step with higher bond.

“Mortgage rates rose this week, riding positive, albeit tentative, developments in Brexit and the U.S.-China trade conflict. a decrease in purchase applications for the second week in a row,” said.

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U.S. mortgage. Refinancing applications also fell to their lowest level since late 2011. But the purchasing index increased 2% and is up 16% from a year ago, according to the MBA. HOUSING: Mortgage.

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"Globally, rates have begun to creep upwards as investors anticipate less aggressive monetary policies from central banks, and U.S. rates are being pushed upwards in response," said Michael Fratantoni.

NEW YORK (Reuters) – U.S. mortgage applications recorded their steepest weekly drop since December on a pickup in borrowing costs and Hurricane Irma’s impact on Florida, the Mortgage Bankers.

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(Reuters) – U.S. mortgage applications to buy a home or to refinance one fell for a third straight week as borrowers’ worries about trade tensions offset a decline in some home borrowing costs, the.