US MBA mortgage purposes w.e. 27 December -12.6% vs -Zero.7% prior

• Prior -12.6%
• Market index 174.9 vs 224.Zero prior
• Buy index 136.7 vs 157.1 prior
• Refinance index 395.1 vs 617.5 prior
• 30-year mortgage fee 6.97% vs 6.75% prior

Simply be conscious that this accounts for 2 weeks of modifications, that being within the week to 20 December and likewise the week to 27 December. The benchmark is to that of the week to 13 December right here. Nonetheless, a surge within the common fee of the preferred US dwelling mortgage did ship purposes tumbling but in addition because it comes throughout one of many quieter durations within the yr. The refinance index particularly noticed a serious fall to again to its lowest since December final yr:

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



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