US mortgage applications up 1.9pc

(Sharecast News) - US mortgage applications increased by 1.9% in the week ended 17 July, according to the Mortgage Bankers Association of America, bouncing back from two straight weekly losses. Last week's increase comes despite another period of increasing interest rates, with the benchmark 30-year fixed-mortgage rising four basis points to its highest level since August 2025.

Applications to purchase a new home rose 6%, while applications to refinance a mortgage, which are generally more sensitive to short-term interest rate, fell by 2%.







Reporting by Iain Gilbert at Sharecast.com