US MBA mortgage applications decline 4.3 percent

FXStreet (London) - Data released by the US Mortgage Brokers Association indicated that mortgage applications fell 4.3 percent in the week ended 21 November. The fall comes after a 4.0 percent rise the previous week and is the first drop since 7 November.

House purchases declined 4.8 percent after an 11.7 percent gain the previous week.

The average 30-year fixed-rate mortgage approved was 4.15 percent versus 4.18 percent the previous week.