• Prior -1.3%
• Market index 178.2 vs 189.6 prior
• Purchase index 136.6 vs 144.8 prior
• Refinance index 384.6 vs 411.7 prior
• 30-year mortgage rate 7.53% vs 7.41% prior

Mortgage activity plunged further in the past week as the average rate of the most popular US home loan rises another 12 bps to 7.53% – its highest since November 2000.

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