- +33.3% ahead
- Market index 224.6 vs 224.4 previously
- Buy index 163.0 vs 162.0 previously
- Refinancing index 558.8 vs previous 575.6
- 30-year mortgage rate 7.02% versus 7.09% previously
Following the rebound in activity in the previous reporting week following the holiday period, mortgage applications were little changed last week. It comes as purchase activity climbed slightly, offsetting a slight decrease in refinancing activity. The average interest rate of the most popular home loan in the US is still above 7%. pain
This article was written by Justin Low at www.forexlive.com.
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