US MBA mortgage applications w.e. 15 March -1.6% vs +7.1% prior

Prior +7.1%Market index 198.2 vs 201.5 priorPurchase index 146.0 vs 147.7 priorRefinance index 468.4 vs 480.3 prior30-year mortgage rate 6.97% vs 6.84% priorThe average rate of the most popular US home loan surges higher by 13 bps in the past week, nearing the 7% mark again. That put a bit of a drag on mortgage applications, with both purchases and refinancing activity slipping lower. This article was written by Justin Low at www.forexlive.com.

Mar 20, 2024 - 16:45
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US MBA mortgage applications w.e. 15 March -1.6% vs +7.1% prior
  • Prior +7.1%
  • Market index 198.2 vs 201.5 prior
  • Purchase index 146.0 vs 147.7 prior
  • Refinance index 468.4 vs 480.3 prior
  • 30-year mortgage rate 6.97% vs 6.84% prior

The average rate of the most popular US home loan surges higher by 13 bps in the past week, nearing the 7% mark again. That put a bit of a drag on mortgage applications, with both purchases and refinancing activity slipping lower.

This article was written by Justin Low at www.forexlive.com.
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