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US MBA mortgage purposes w.e. 15 March -1.6% vs +7.1% prior

  • Prior +7.1%
  • Market index 198.2 vs 201.5 prior
  • Buy index 146.0 vs 147.7 prior
  • Refinance index 468.4 vs 480.3 prior
  • 30-year mortgage price 6.97% vs 6.84% prior

The typical price of the preferred US dwelling mortgage surges greater by 13 bps previously week, nearing the 7% mark once more. That put a little bit of a drag on mortgage purposes, with each purchases and refinancing exercise slipping decrease.

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

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