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US MBA mortgage applications w.e. 5 May +6.3% vs -1.2% prior

Prior -1.2%Market index 227.8 vs 214.4 priorPurchase index 173.7 vs 165.8 priorRefinance index 507.1 vs 461.2 prior30-year mortgage rate 6.48% vs 6.50% priorThat's a bit of a bounce in mortgage activity in the past week, with both purchases and refinancing activity rebounding. That said, the levels are still rather languishing after the drop since last year and with higher rates still prevalent, it might take a while for housing market sentiment to improve. This article was writ... Read More

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Posted: May 10 2023, 11:01

Author Name: forexlive

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