- Prior -4.2%
- Market index 189.0 vs 184.8 prior
- Purchase index 144.9 vs 142.0 prior
- Refinance index 407.1 vs 397.1 prior
- 30-year mortgage rate 7.31% vs 7.31% prior
It’s a minor bump in mortgage activity after five straight weeks of declines. So, that should put things into perspective as housing market conditions continue to be weighed down by higher rates for now.
This article was written by Justin Low at www.forexlive.com.