Prior -0.2%Market index 214.1 vs 206.1 priorPurchase index 140.4 vs 144.3 priorRefinance index 613.0 vs 532.3 prior30-year mortgage rate 6.87% vs 7.00% prior
The jump in mortgage applications in the past week comes as the average rate of the most popular US home loan drops by some 13 bps back under 7%. The rebound owes to a surge in refinancing activity, which offset a decline in purchases on the week.
This article was written by Justin Low at www.forexlive.com.
