US MBA mortgage applications w.e. 30 May -3.9% vs -1.2% prior
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- Prior -1.2%
- Market index 226.4 vs 235.7 prior
- Purchase index 155.0 vs 162.1 prior
- Refinance index 611.8 vs 634.1 prior
- 30-year mortgage rate 6.92% vs 6.98% prior
Mortgage applications fell again in the past week with both purchases and refinancing activities seen declining. With rates continuing to hold at the highs, it is making for a challenging environment for the market.
This article was written by Justin Low at www.forexlive.com.
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