- +2.8% ahead
- Market index 225.5 vs 213.9 previously
- Buy index 154.9 vs 161.5 previously
- Refinancing index 634.0 vs 498.5 previously
- 30-year mortgage rate 6.67% vs. 6.69% previously
There is some trepidation about the latest jump in mortgage applications last week. Purchase activity declined but was offset by a significant increase in refinancing activity, which has been relatively weak of late. So, it could be a one-off thing despite rates coming off the boil in the last month or two. Here's a look at the jump in refinancing activity:
This article was written by Justin Low at www.forexlive.com.
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