• Prior -4.6%
• Market index 197.4 vs 205.0 prior
• Purchase index 154.4 vs 158.3 prior
• Refinance index 412.5 vs 443.0 prior
• 30-year mortgage rate 6.91% vs 6.69% prior

Once again, mortgage activity declined as there is a significant jump in the interest rate of the most popular US home loan. The 30-year rate increased to 6.91% in the past week, marking its highest level since the first week of November last year. That led to a further decline in both purchase and refinancing activity. Pain.

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