Prior -17.0%Market index 214.8 vs 230.2 priorPurchase index 131.3 vs 138.4 priorRefinance index 672.6 vs 734.6 prior30-year mortgage rate 6.52% vs 6.52% prior
Another week, another plunge in mortgage applications as higher rates continue to weigh on the market. Both purchases and refinancing activity fell sharply with the latter once again sliding hard in the past week.
This article was written by Justin Low at www.forexlive.com.
