U.S. MBA’s Mortgage Applications Index Falls to a 3-Year Low

The number of mortgage applications filed last week fell to the lowest level in more than three years, more evidence the U.S. housing market is stumbling.

The Mortgage Bankers Association’s index of applications to buy a home or refinance an existing mortgage declined 6.8 percent to 554.1 last week, from 594.6 a week earlier. The gauge is the lowest since 554.9 in the week ended June 7, 2002.

This entry was posted on Wednesday, December 28th, 2005 at 10:52 pm and is filed under Statistics, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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