<ul><li>Prior +3.8%</li><li>Market index 254.8 vs 264.7 prior</li><li>Purchase index 199.3 vs 200.1 prior</li><li>Refinancing index 524.1 vs 588.1 prior</li><li>30-year mortgage rate 6.52% vs 6.25% prior</li></ul><p style=““ class=“text-align-justify“>The average interest rate on the most popular US home loan climbed further in the past week to 6.52%, its highest level since August 2008. The rise in mortgage rates is continuing to take a heavy toll on activity and the housing sector as purchases and refinancing both fell as well with the latter index sliding to a 22-year low.</p>

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