US MBA mortgage applications w.e. 21 October -1.7% vs -4.5% prior


  • Prior -4.5%
  • Market index 201.1 vs 204.6 prior
  • Purchase index 160.4 vs 164.2 prior
  • Refinance index 394.6 vs 394.6 prior
  • 30-year mortgage rate 7.16% vs 6.94% prior

Yikes. The average interest rate of the most popular home loan in the US just rose another 22 bps in the past week to its highest since 2001. This sees another drop in mortgage activity, which is now grinding at its slowest pace since 1997. The latest drop this week in yields will be a welcome development at least but there is little comfort for the housing sector when you look at how things have been going over the past few months.

/US Dollar



Source link

Related articles

Cluely’s ARR doubled in every week to $7M, founder Roy Lee says. However rivals are coming.

Cluely’s income has skyrocketed to about $7 million in ARR because it launched its new enterprise product every week in the past, founder Roy Lee advised TechCrunch. “Each single one that has a...

XRP Worth Can Nonetheless Cross $3, However It Wants To Maintain This Stage In opposition to Bears

Trusted Editorial content material, reviewed by main trade specialists and seasoned editors. Advert Disclosure XRP’s latest rally to $2.30 has been adopted by a cooling-off interval, with the value falling again to $2.18 after...

Listed here are the letters that permit Apple and Google ignore the TikTok ban

Greater than six months after TikTok was banned, we nonetheless do not know precisely what its destiny within the US will likely be. However we do have new perception into the authorized...

Forexlive Americas FX information wrap: Non-farm payrolls beat the consensus

Excessive danger warning: International alternate buying and selling carries a excessive stage of danger that might not...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com