|
CNBC'S MOST SHARED
- Five States That Will Lead US Out of Recession
- Other People Are Weirder Than We Are
- Is Amazon Going On A Shopping Spree?
- John S. Barry, Main Force Behind WD-40, Dies at 84
- Warren Buffett Cuts Stake in Moody's By Almost 17%
- Commercial Real Estate Wreck Looms For Regional Banks
- Trading Microsoft Into Earnings
- Yahoo's Finally in the Game Again
- Highest-Paying Jobs: 2009
- Ford Posts Profit After Restructuring; Shares Jump
- 3M Profit Surges Past Estimates; Shares Climb
- AT&T Beats Profit Forecast, Wireless Growth Strong
- McDonald's Profit Falls 8% on Strong Dollar
- UPS Profit Meets Forecasts, but Outlook Is Weak
- Krawcheck: Banking Is Going to Be in 'Good Shape'
- Xerox Beats Estimates, Aided by Cost Cuts
- Philip Morris Tops View, Raises Full-Year Guidance
- Strong Sales Boost Bristol-Myers Profit
- Ford Motors Past Wall St. Expectations
- Why Options are Hot on This Bleach Maker
- Warren Buffett Cuts Stake in Moody's By Almost 17%
- You Can't Go Wrong With 'Best of Breed' Stocks: Analyst
- eBay May Have Finally Bottomed
- Pitts: New Rx For New FDA Chief
- NASDAQ's Biggest Winners in 11-Day Streak
- Brooklyn Decker Talks iPhone And We Take Photos
- The Power Of The Compliment
Text Size 
Demand for U.S. mortgages to buy homes and refinance loans bounced from seven-month lows last week, with average 30-year borrowing rates unchanged, the Mortgage Bankers Association said on Wednesday.
The industry group's total loan applications index rose a seasonally adjusted 10.9 percent to 493.1 in the week ended July 3, after slumping the prior week to the lowest level since November.
Last week's report was adjusted to account for the Independence Day holiday on Friday.
 |
A sudden spike in home loan rates from record lows in the spring had derailed a race by homeowners to cut monthly costs by refinancing.
The group's seasonally adjusted refinancing index rose 15.2 percent last week to 1,707.7, after a 30 percent plunge in the prior week.
Purchase applications, which lagged refinancing demand all through the spring home sales season, rose 6.7 percent last week to 285.6.
The average 30-year mortgage rate stayed at 5.34 percent last week.
That was up from the record low 4.61 percent in late March, based on MBA data, but sharply below 7.04 percent in the same week a year ago.
On a four-week moving average, which smoothes out volatility, the purchase index rose 1.4 percent and the refinance index fell 10.9 percent.
Print
Email
Data is a real-time snapshot *Data is delayed at least 15 minutes