Forex
globalreutersMay 22, 20241 Mins read
US MBA mortgage applications w.e. 17 May +1.9% vs +0.5% prior
globalreutersMay 22, 20241 Mins read - Prior +0.5%
- Market index 201.9 vs 198.1 prior
- Purchase index 140.0 vs 141.7 prior
- Refinance index 536.9 v 499.9 prior
- 30-year mortgage rate 7.01% vs 7.08% prior
Mortgage applications moved up in the past week but owed to a jump in refinancing activity. That is slightly offset by a drop in purchases activity, even as the average rate of the most popular US home loan eased further to near 7%.
This article was written by Justin Low at www.forexlive.com.
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