<ul><li>Prior -2.3%</li><li>Market index 270.1 vs 273.3 prior</li><li>Purchase index 202.8 vs 203.8 prior</li><li>Refinancing index 609.8 vs 627.1 prior</li><li>30-year mortgage rate 5.65% vs 5.45% prior</li></ul><p style=““ class=“text-align-justify“>There was a notable jump in the average rate for home loans in the past week, following the move higher in bond yields as well. But I wouldn’t pin that as the main cause for yet another weekly decline in mortgage activity as the data continues to underscore a deterioration in housing market conditions in general. The trend has been persisting for a while now and eventually, someone on one side of <a target=“_blank“ href=“https://www.forexlive.com/news/the-divergence-of-opinion-on-us-housing-between-markets-and-industry-is-180-degrees-20220816/“ target=“_blank“>this debate</a> has to be right.</p><p>/<a target=“_blank“ href=“https://www.forexlive.com/terms/u/us-dollar/“ target=“_blank“ id=“fddda8f4-d5f8-4ee4-8e34-3760ed062f3c_1″ class=“terms__main-term“>US dollar</a></p>

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