Investing.com – Applications for mortgages in the United States fell 1.9% last week on a seasonally adjusted basis from the previous week, an industry group said on Wednesday.
During the previous week, the Mortgage Bankers Association said its Market Composite Index, a measure of mortgage loan application volume, rose 0.5%.
In a statement, the association also said its unadjusted Purchase Index decreased 1.8% compared with the previous week and was 13.9% lower than the same week one year ago.
Following the release of the data, the U.S. dollar was down slightly against the euro, with EUR/USD gaining 0.08% to hit 1.3777.
During the previous week, the Mortgage Bankers Association said its Market Composite Index, a measure of mortgage loan application volume, rose 0.5%.
In a statement, the association also said its unadjusted Purchase Index decreased 1.8% compared with the previous week and was 13.9% lower than the same week one year ago.
Following the release of the data, the U.S. dollar was down slightly against the euro, with EUR/USD gaining 0.08% to hit 1.3777.