U.S. MBA’s Mortgage Applications Index Fell 7.1% Last Week (Bloomberg)

U.S. MBA’s Mortgage Applications Index Fell 7.1% Last Week (Bloomberg)

Dec. 10 (Bloomberg) -- Mortgage applications in the U.S. dropped last week as fewer Americans sought to purchase a home even as mortgage rates fell. The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan fell 7.1 percent to 796.8 from the prior week’s eight-month high of 857.7. The group’s refinance index slipped 0.9 percent, while the purchase index ...

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