- Prior +1.6%
- Market index 233.7 vs 230.5 prior
- Purchase index 138.6 vs 136.1 prior
- Refinance index 757.8 vs 751.4 prior
- 30-year mortgage rate 6.29% vs 6.43% prior
The average rate of the most popular US home loan dips further to its lowest since February last year. That comes amid a further drop in rates overall and that is helping mortgage activity catch a bounce. Both purchases and refinancing activities also picked up in the past week as such.
This article was written by Justin Low at www.forexlive.com.
