- Before +3.3%
- Market index 196.7 versus 202.1 previously
- Buy index 144.2 versus 145.6 previously
- Refinancing index 472.7 compared to 500.7 previously
- 30-year mortgage rate 7.24% versus 7.13% previously
Mortgage loan applications declined over the past week, with refinancing activity accounting for most of the decline. This comes as the average interest rate on America’s most popular home loan climbs 11 basis points to 7.24%, its highest since November last year.
This article was written by Justin Low at www.forexlive.com.
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