BR100 Increased By (2%)
BR30 Increased By (2.44%)
KSE100 Increased By (1.72%)
KSE30 Increased By (1.77%)
BECO 5.69 Increased By ▲ 0.11 (1.97%)
BML 62.00 Increased By ▲ 0.78 (1.27%)
BOP 35.04 Increased By ▲ 1.36 (4.04%)
CNERGY 8.18 Increased By ▲ 0.10 (1.24%)
DCL 12.10 Increased By ▲ 0.46 (3.95%)
FCCL 54.80 Increased By ▲ 2.66 (5.1%)
FCSC 5.68 Increased By ▲ 0.05 (0.89%)
FFL 18.23 Increased By ▲ 0.22 (1.22%)
FNEL 1.37 Increased By ▲ 0.02 (1.48%)
HUMNL 11.30 Increased By ▲ 0.26 (2.36%)
KEL 8.02 Increased By ▲ 0.18 (2.3%)
KOSM 6.07 Increased By ▲ 0.34 (5.93%)
MLCF 91.85 Increased By ▲ 5.34 (6.17%)
NBP 192.78 Increased By ▲ 8.48 (4.6%)
PACE 11.80 Increased By ▲ 0.15 (1.29%)
PAEL 41.15 Increased By ▲ 1.19 (2.98%)
PIAHCLA 26.03 Increased By ▲ 0.36 (1.4%)
PIBTL 17.61 Increased By ▲ 0.34 (1.97%)
PPL 227.00 Increased By ▲ 4.33 (1.94%)
PRL 34.89 Increased By ▲ 0.43 (1.25%)
PTC 65.51 Increased By ▲ 1.77 (2.78%)
SEARL 91.76 Increased By ▲ 1.30 (1.44%)
SSGC 27.16 Increased By ▲ 0.49 (1.84%)
TELE 9.17 Increased By ▲ 0.26 (2.92%)
THCCL 70.60 Increased By ▲ 2.13 (3.11%)
TPLP 11.28 Increased By ▲ 0.08 (0.71%)
TREET 24.89 Increased By ▲ 0.19 (0.77%)
TRG 70.30 Decreased By ▼ -0.29 (-0.41%)
WAVES 11.28 Increased By ▲ 0.17 (1.53%)
WTL 1.29 Increased By ▲ 0.02 (1.57%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
World

US mortgage activity falls as 30-year rates hit 2-year highs

Published December 14, 2016 Updated December 14, 2016 08:18pm
Save
1 min
comment
By Shoaib Ur Rehman
Add BRecorder as a trusted
source on Google
Google Preferred Source

imageNEW YORK: US mortgage application activity declined for a third straight week as interest rates on 30-year fixed-rate home loans reached their highest levels in more than two years, Mortgage Bankers Association data released on Wednesday showed.

The Washington-based industry group said its measure on requests for mortgages fell 4.0 percent in the week ended Dec. 9 to 397.5, which was its lowest since 328.6 in the week ended Jan. 1.

Copyright Reuters, 2016

Comments

Comments are closed for this article.

More Stories

Browse all stories