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US MBA mortgage applications w.e. 22 March -0.7% vs -1.6% prior

  • Prior -1.6%
  • Market index 196.8 vs 198.2 prior
  • Purchase index 145.7 vs 146.0 prior
  • Refinance index 460.9 vs 468.4 prior
  • 30-year mortgage rate 6.93% vs 6.97% prior

Mortgage applications declined in the past week with both purchases and refinancing activities falling. That comes despite a slight easing in the average rate of the most popular US home loan, although still keeping near 7%.

This article was written by Justin Low at www.forexlive.com.

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