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US MBA mortgage applications w.e. 11 August -0.8% vs -3.1% prior

Prior -3.1%Market index 193.0 vs 194.5 priorPurchase index 149.5 vs 149.9 priorRefinance index 408.4 vs 416.1 prior30-year mortgage rate 7.16% vs 7.09% priorMortgage applications continue to fall, this time largely due to a drop in refinancing activity. It's not a good look for mortgage activity since the Fed began tightening monetary policy and even as we are near a pivot point, higher yields is not helping the overall outlook of the housing market for now. This article was wri... Read More

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Mortgage

Applications

August

Prior

Forex

Posted: Aug 16 2023, 11:00

Author Name: forexlive

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