US MBA mortgage applications w.e. 17 May +1.9% vs +0.5% prior

Prior +0.5%Market index 201.9 vs 198.1 priorPurchase index 140.0 vs 141.7 priorRefinance index 536.9 v 499.9 prior30-year mortgage rate 7.01% vs 7.08% priorMortgage applications moved up in the past week but owed to a jump in refinancing activity. That is slightly offset by a drop in purchases activity, even as the average rate of the most popular US home loan eased further to near 7%. This article was written by Justin Low at www.forexlive.com.

May 22, 2024 - 17:30
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US MBA mortgage applications w.e. 17 May +1.9% vs +0.5% prior
  • Prior +0.5%
  • Market index 201.9 vs 198.1 prior
  • Purchase index 140.0 vs 141.7 prior
  • Refinance index 536.9 v 499.9 prior
  • 30-year mortgage rate 7.01% vs 7.08% prior

Mortgage applications moved up in the past week but owed to a jump in refinancing activity. That is slightly offset by a drop in purchases activity, even as the average rate of the most popular US home loan eased further to near 7%.

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