RSS US MBA mortgage applications w.e. 3 January -3.7% vs -12.6% prior

Currently reading:
 RSS US MBA mortgage applications w.e. 3 January -3.7% vs -12.6% prior

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
10,398
Likes
1,923
Credits
33,567©
Cash
0$
  • Prior -12.6%
  • Market index 168.4 vs 174.9 prior
  • Purchase index 127.7 vs 136.7 prior
  • Refinance index 401.1 vs 395.1 prior
  • 30-year mortgage rate 6.99% vs 6.97% prior

After a big plunge in the week before, mortgage applications are falling further again to start the new year with purchase activity weighing this time. That is partially offset by slight rise in refinancing activity, after the sharp plunge in the week prior here. With rates continuing to hold higher, the outlook isn't a bright one to start the year for the mortgage market.

This article was written by Justin Low at www.forexlive.com.
 
Status
Not open for further replies.
Tips
Top Bottom