- Prior +1.1%
- Market index 256.5 vs 250.8 prior
- Purchase index 165.3 vs 165.2 prior
- Refinance index 759.4 vs 713.4 prior
- 30-year mortgage rate 6.79% vs 6.88% prior
Mortgage applications picked up slightly in the past week, helped mostly be refinancing activity. The market is still facing a testing time amid higher rates but at least that is seen cooling off a bit in the past month or so.
This article was written by Justin Low at www.forexlive.com.
