US MBA mortgage functions w.e. 15 November +1.7% vs +zero.5% prior

• Prior +zero.5%
• Market index 195.6 vs 192.four prior
• Buy index 136.zero vs 133.three prior
• Refinance index 514.9 vs 506.zero prior
• 30-year mortgage price 6.90% vs 6.86% prior

Regardless of a continued rise within the common dwelling mortgage price, mortgage functions steadied up to now week with each purchases and refinancing exercise exhibiting a bounce. It is solely a little bit of a lightweight consolation although, after having seen a pointy plunge within the first week of November.

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



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