US MBA mortgage applications w.e. 17 January +0.1% vs +33.3% prior
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- Prior +33.3%
- Market index 224.6 vs 224.4 prior
- Purchase index 163.0 vs 162.0 prior
- Refinance index 558.8 vs 575.6 prior
- 30-year mortgage rate 7.02% vs 7.09% prior
After the rebound in activity in the previous reporting week following the holiday period, mortgage applications were little changed in the past week. It comes as purchases activity climbed a little, offsetting a slight drop in refinancing activity. The average interest rate of the most popular US home loan continues to sit above 7% though. Pain.
This article was written by Justin Low at www.forexlive.com.
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