Mortgage applications in the U.S. climbed last week as a decline in borrowing costs prompted more Americans to refinance their homes.
December 05, 2012 at 12:00 AM
1 minute read
Mortgage applications in the U.S. climbed last week as a decline in borrowing costs prompted more Americans to refinance their homes.
The Mortgage Bankers Association’s index increased 4.5 percent in the period ended Nov. 30, the Washington-based group reported today. The refinance index rose 6.1 percent and the gauge of home purchases advanced 0.1 percent.
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