July 31, 2019 / 2:43 PM / 3 months ago

U.S. mortgage applications drop in latest week - MBA

NEW YORK, July 31 (Reuters) - U.S. mortgage applications declined last week as inadequate supply levels held back potential home buyers despite healthy demand, the Mortgage Bankers Association said on Wednesday.

The Washington-based group’s seasonally adjusted index on loan requests, both to buy a home and refinance one, fell 1.4 percent to 484.0 from 490.8 in the week ended July 26. (Reporting by Evan Sully Editing by Nick Zieminski)

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