Ekonomické zprávy

U.S. weekly mortgage applications tumble 13.1 percent

The Mortgage Bankers Association (MBA) reported on Wednesday the mortgage application volume in the U.S. tumbled 13.1 percent in the week ended February 18, following a 5.4 percent decline the week before. This marked the sharpest weekly drop in total mortgage application volume since the week ended April 3 (-17.9 percent).

According to the MBA’s data, last week’s plunge reflected a 15.6 percent fall in mortgage refinance applications and a 10.1 percent decline in mortgage applications to purchase a home.

Meanwhile, the average fixed 30-year mortgage rate edged up from 4.05 percent to 4.06 percent, its highest level since the week ended July 26, 2019 (4.08 percent).

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