• Prior +2.3%
• Market index 183.6 vs 189.0 prior
• Purchase index 141.9 vs 144.9 prior
• Refinance index 388.1 vs 407.1 prior
• 30-year mortgage rate 7.21% vs 7.31% prior

Mortgage applications declined once again in the past week with both purchase and refinancing activities falling. It adds to the strain in the housing market amid higher interest rates.

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