World News: 12:04 GMT Wednesday 25th June 2014. [Yahoo Business News Feed via SPi World News]
NEW YORK (Reuters) - Applications for U.S. home mortgages fell last week as both purchase and refinancing applications dipped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 1.0 percent in the week ended June 20. The MBA's seasonally adjusted index of refinancing applications fell 0.9 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, fell 1.2 percent. Fixed 30-year mortgage rates averaged 4. ...
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