- Prior +20.4%
- Market index 269.3 vs 242.2 prior
- Purchase index 154.6 vs 144.5 prior
- Refinance index 911.3 vs 784.2 prior
- 30-year mortgage rate 6.67% vs 6.73% prior
That’s now back-to-back solid weekly spikes in mortgage applications, once again boosted mostly be a surge in refinancing activity. Signs of life in the housing market or just a blip amid the fall in rates over the past few weeks? It’ll be interesting to see how the trend fares in the coming month or two.
This article was written by Justin Low at www.forexlive.com.
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