August 21, 2024 at 12:00PM
Prior +16.8%
Market index 225.8 vs 251.3 prior
Purchase index 130.6 vs 137.7 prior
Refinance index 754.4 vs 889.3 prior
30-year mortgage rate 6.50% vs 6.54% prior
After the surge in mortgage applications in the week before that, we are seeing things moderate back last week. The surge in activity in the week before owes much to the sharp drop in rates, with it weighing on the average rate of the most popular US home loan once again.
This article was written by Justin Low at www.forexlive.com.
US MBA mortgage applications w.e. 16 August -10.1% vs 16.8% prior