Thursday , 21 November 2024
Home Forex US MBA mortgage applications w.e. 25 October -0.1% vs -6.7% prior
Forex

US MBA mortgage applications w.e. 25 October -0.1% vs -6.7% prior

  • Prior -6.7%
  • Market index 214.5 vs 214.8 prior
  • Purchase index 137.8 vs 131.3 prior
  • Refinancing index 630.0 vs 672.6 prior
  • 30-year mortgage rate 6.73% vs 6.52% prior

After a sharp fall in mortgage applications in the previous two weeks, the latest reading is little changed but it’s important to look at the details. Refinancing activity took yet another sharp plunge as higher rates once again weighed on that particular component. The drop was only offset by a modest jump in purchases activity in the past week. The refinancing index is now at the lowest since the end of July.

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

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

US leading Index for October -0.4% vs -0.3% estimate

Prior month -0.3% revised from -0.5%Leading index -0.4% vs -0.3% estimate. One...

US existing home sales for October 3.96M versus 3.93M

Prior month 3.84M annualized rate revised to 3.83MExisting home sales percentage change...

BOE Mann: BOE should hold rates longer to evaluate persistence

BOE Mann (hawk) says:BOE should hold rates longer to evaluate processesCan make...

NZDUSD index moves lower and sellers are in control, but there is some key support holding

The NZDUSD fell sharply last week and in the process fell below...