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U.S. refinancing applications lowest since July: MBA
October 4, 2017 / 1:53 PM / 17 days ago

U.S. refinancing applications lowest since July: MBA

(Reuters) - U.S. mortgage applications to refinance a home fell to their lowest in two months, the Mortgage Bankers Association said on Wednesday, as borrowing costs broadly rose last week in line with higher U.S. bond yields.

The Washington-based group’s seasonally adjusted weekly index on refinancing activity declined 1.8 percent to 1,419.2 in the week ended Sept. 29. This was the lowest since 1,361.0 in the July 28 week.

Reporting by Richard Leong in New York; Editing by Jeffrey Benkoe

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