US Mortgage Applications Decrease by 3.7% Compared to Previous Week

A house in Massachusetts, USA, with a "For Sale" sign posted. Photo by AP=Yonhap News

[Asia Economy Reporter Kim Heeyoon] On the 28th (local time), the Mortgage Bankers Association (MBA) in the United States announced that the number of mortgage applications in the U.S. decreased by 3.7% compared to the previous week.

The 30-year mortgage rate announced by the MBA rose slightly to 6.52% from 6.25% the previous week.