Mumbai, Nov. 20 -- Loan applications for house purchase in the U.S. decreased in the week ended November 14 as mortgage rates continued to increase, survey data from the Mortgage Bankers Association showed on Wednesday.
The market composite index, which measures the house purchase mortgage loan application volume, decreased a seasonally adjusted 5.2 percent in the week ended November 14 after a 0.6 percent increase in the previous week, results of the MBA Weekly Mortgage Applications Survey revealed.
The refinance index was 7 percent lower after a 3 percent fall in the previous week, the MBA survey showed. The purchase index decreased 2 percent, partly reversing a 6 percent gain in the previous week.
The refinance share of mortgage activ...