Skip to main content
Advertising

Originally published Friday, March 30, 2012 at 8:00 PM

  • Share:
           
  • Comments (1)
  • Print

Mortgage activity slowed by higher interest rates

Bloomberg News

Most Popular Comments
Hide / Show comments
Interest rates are simply incredible on mortgages right now. It's not uncommon to see 3... MORE

advertising

Mortgage applications in the U.S. fell for a seventh straight week as higher interest rates led to a further slowdown in refinancing.

The Mortgage Bankers Association's index declined 2.7 percent in the period ended March 23, the trade group reported. The refinance index decreased 4.6 percent, while the purchases gauge rose 3.3 percent.

The average rate on a 30-year, fixed-rate loan climbed to 4.23 percent, the highest since late November.

News where, when and how you want it

Email Icon

The Seattle Times photographs

Seattle space needle and mountains

Purchase The Seattle Times images


Advertising