- Prior -6.2%
- Market index 247.5 vs 252.5 prior
- Purchase index 155.8 vs 154.7 prior
- Refinance index 752.4 vs 794.4 prior
- 30-year mortgage rate 6.71% vs 6.72% prior
Mortgage applications declined in the past week but it owes mostly to a continued pullback in refinancing activity. Purchase activity was actually stronger but only marginally. Meanwhile, the average rate of the most popular US home loan is seen somewhat steady in the last week at 6.71%.
This article was written by Justin Low at www.forexlive.com.
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