12/21/2016

U.S. mortgage application activity rebounded from its lowest level since January despite interest rates on 30-year fixed-rate home loans hitting their highest levels in over 2-1/2 years, Mortgage Bankers Association data released on Wednesday showed.

The Washington-based industry group said its measure on requests for mortgages rose in the week ended Dec. 16 to 407.3, up 2.5 percent from the prior week.

Reuters (Reporting by Richard Leong)