Applications for U.S. mortgages rose last week fueled by demand for refinancing at low interest rates, the data showed a trade group.
The Mortgage Bankers Association (MBA, for its acronym in English) said its seasonally adjusted index of mortgage application activity, which includes both refinancing operations as shopping, rose 1.8% in the week ended April 26 .
The seasonally adjusted index of refinancing applications increased 2.8% MBA.
But reading orders credits for the purchase of houses, a leading indicator of industry sales fell 1.4%.
Mortgages 30 year fixed-rate averaged 3.60%, down 5 basis points. It was the lowest level for rates since late last year.