NEW YORK (Reuters) - U.S. applications to refinance an existing home reached a seven-month peak last week as mortgage rates were unchanged to higher, the Mortgage Bankers Association said on Wednesday.
The Washington-based industry group said its seasonally-adjusted index on refinancing increased 2.1 percent from the prior week to 1,526.8 in the week of June 16. This was the highest since 1,754.2 in the Nov. 18 week.