<ul><li>Prior +6.5%</li><li>Market index 221.0 vs 214.5 prior</li><li>Purchase index 169.3 vs 165.6 prior</li><li>Refinance index 481.3 vs 458.9 prior</li><li>30-year mortgage rate 6.48% vs 6.71% prior</li></ul><p style=““ class=“text-align-justify“>There is at least one good thing to have come from the SVB collapse and that is lower mortgage rates. The above saw its biggest fall in four months and that helped to spur mortgage activity despite the panic and financial turmoil.</p>

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