- Prior +1.7%
- Market index 208.0 vs 195.6 prior
- Purchase index 152.9 vs 136.0 prior
- Refinance index 501.7 vs 514.9 prior
- 30-year mortgage rate 6.86% vs 6.90% prior
Mortgage applications jumped in the past week, owing to a surge in purchase activity. That more than offset a decline in refinancing activity, with the average rate continuing to hold higher still.
This article was written by Justin Low at www.forexlive.com.
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