Mortgage applications fell for a second consecutive week as interest rates on home loans climbed to 16-month highs, an industry trade group said on Wednesday.
The Mortgage Bankers Association said its index of mortgage application volume for the week ended Oct. 28 declined 4.8 percent to 646.7, its lowest point since the start of April when the index was at 644.5. The index is down from the previous week’s 679.1.
