- Prior +2.2%
- Market index 230.0 vs 224.8 prior
- Purchase index 153.1 vs 156.7 prior
- Refinance index 640.6 vs 584.3 prior
- 30-year mortgage rate 6.95% vs 6.97% prior
Mortgage applications rose in the past week but the details reveal a mixed showing. Purchase activity actually declined and the jump was carried by refinancing activity instead. It’s a modest start to the new year but overall activity remains rather subdued as higher rates continue to take a toll on the market.
This article was written by Justin Low at www.forexlive.com.
