(Il Sole 24 Ore Radiocor) - Milano, 25 mar - Mortgage applications in the US fell 10.5% on a seasonally adjusted basis from one week earlier, according to data from the Mortgage Bankers Association (MBA) for the week ending March 20.

The Refinance Index decreased 15% from a week ago, and was 52% higher than the same week a year ago.

The seasonally adjusted Purchase Index decreased 5% from a week ago while the unadjusted Purchase Index fell 5%.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances rose to 6.43% from 6.30%.

"The threat of higher-for-longer oil prices continued to keep Treasury yields elevated, and mortgage rates finished last week higher," said Joel Kan, MBA's vice president and deputy.

chief economist.

(RADIOCOR) 25-03-26 14:11:22 (0481) 5 NNNN