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