US Hispanic Marketing

Julie Haviv Reuters - U.S. mortgage applications fell for a third straight week, dragged down by a decline in home refinancings to a 16-month low even as interest rates dipped, an industry trade group figures showed on Wednesday.

Analysts and economists say the steady climb in interest rates in recent months may have finally starting cooling the U.S. housing sector. Lower loan demand, slower home price appreciation and growing inventory in recent months has many observers declaring a slowdown has arrived.