• Prior -1.6%
• Market index 196.8 vs 198.2 prior
• Purchase index 145.7 vs 146.0 prior
• Refinance index 460.9 vs 468.4 prior
• 30-year mortgage rate 6.93% vs 6.97% prior

Mortgage applications declined in the past week with both purchases and refinancing activities falling. That comes despite a slight easing in the average rate of the most popular US home loan, although still keeping near 7%.

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