July 03, 2024 at 12:00PM
Prior +0.8%
Market index 206.5 vs 212.0 prior
Purchase index 142.9 vs 147.8 prior
Refinance index 544.1 vs 552.4 prior
30-year mortgage rate 7.03% vs 6.93% prior
Mortgage applications fell in the past week with both purchases and refinancing activity also declining. It comes as the average rate of the most popular US home loan rises back above the 7% mark. Overall, it still points to rather subdued conditions in the housing market.
This article was written by Justin Low at www.forexlive.com.
US MBA mortgage applications w.e. 28 June -2.6% vs 0.8% prior