(Reuters) - NEW YORK, July 5 - U.S. mortgage applications were little changed from the prior week, with an increase in demand for loans to buy homes offset by a drop in applications to refinance, an industry group said on Thursday. The Mortgage Bankers Association said its mortgage applications index rose 0.1 percent to a seasonally adjusted 619.4 in the week ended June 29, nearing its lowest level since mid-February.
The MBA's purchase index rose 2.0 percent to 437.3. But the refinancing applications gauge dropped 2.6 percent 1,687.2 on a seasonally adjusted basis to the lowest this year.
Read more at Reuters.com Economic News
The MBA's purchase index rose 2.0 percent to 437.3. But the refinancing applications gauge dropped 2.6 percent 1,687.2 on a seasonally adjusted basis to the lowest this year.
Read more at Reuters.com Economic News
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