Subscribe Register Login

Tuesday, September 16, 2014, 6:54 a.m.
Top Picks - Mobile App

U.S. mortgage applications tumble to a 13-year low

By The Associated Press

This article was published December 24, 2013 at 10:08 a.m.

WASHINGTON — The number of Americans applying for mortgages has fallen 63 percent since a May peak, reflecting a cooling housing market and higher borrowing rates.

The Mortgage Bankers Association said Tuesday that applications fell a seasonally adjusted 6.3 percent last week from a week earlier. Applications are now at a 13-year low.

The drop-off follows a 1 percentage point increase in mortgage rates from historic lows last spring. The average for a 30-year mortgage is 4.47 percent, according to Federal Home Loan Mortgage Corp., also known as Freddie Mac.

Comments on: U.S. mortgage applications tumble to a 13-year low

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Hvac technicians

    at Comfort Systems USA (Arkansas) Inc Insurance, vacation, ...
    LITTLE ROCK, AR

  • Hr specialist

    Human Resources Specialistbank of the ozarks has an immediat...
    LITTLE ROCK, AR

  • Local cdl drivers

    local cdl driverssoutheastern Freight Linesis now hiringWe O...
    LITTLE ROCK, AR

  • Customer service representative

    customer service representative Full-Time: Takes incoming ca...
    Little Rock, AR

  • Lpn

    Greystone Nursing and Rehab 121 Spring Valley Road, Cabot AR...
    Cabot, AR

Search 870 jobs >

Top Picks - Mobile App
Arkansas Online