- Prior -6.7%
- Market index 214.5 vs 214.8 prior
- Buy index 137.8 vs 131.3 prior
- Refinancing index 630.0 vs 672.6 prior
- 30-year mortgage price 6.73% vs 6.52% prior
After a pointy fall in mortgage functions within the earlier two weeks, the most recent studying is little modified but it surely’s necessary to take a look at the main points. Refinancing exercise took one more sharp plunge as larger charges as soon as once more weighed on that specific element. The drop was solely offset by a modest soar in purchases exercise prior to now week. The refinancing index is now on the lowest for the reason that finish of July.
This text was written by Justin Low at www.forexlive.com.
