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U.S. mortgage applications retreat from 33-month high

Kitco News

NEW YORK (Reuters) - U.S. mortgage applications fell last week from about a 33-month peak as home borrowing costs moved up from their lowest levels since September 2017, the Mortgage Bankers Association said on Wednesday.

The Washington-based group’s seasonally adjusted index on loan requests, both to buy a home and to refinance one, fell to 511.8 in the week ended June 14. It fell 3.4% from the prior week’s 529.8, which was the highest reading since September 2016.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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