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US MBA mortgage applications w.e. 2 June -1.4% vs -3.7% prior

Prior -3.7%Market index 194.7 vs 197.4 priorPurchase index 151.7 vs 154.4 priorRefinance index 409.7 vs 412.5 prior30-year mortgage rate 6.81% vs 6.91% priorDespite a drop in the average rate of the most popular US home loan, both purchases and refinancing activity continue to take a hit. And that is weighing on mortgage applications as housing market conditions continue to take a hit amid tighter financial conditions. With the Fed still sticking with the view of higher rates for longer, that wi... Read More

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Content Topics

Mortgage

Applications

June

Prior

Forex

Posted: Jun 7 2023, 11:00

Author Name: forexlive

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