US MBA mortgage purposes w.e. 21 February -1.2% vs -6.6% prior

• Prior -1.2%
• Market index 212.three vs 214.9 prior
• Buy index 144.three vs 144.zero prior
• Refinance index 572.5 vs 593.6 prior
• 30-year mortgage price 6.88% vs 6.93% prior

Mortgage purposes fell once more prior to now week, owing largely to a decline in refinancing exercise. The beginning of the 12 months decide up is now fading and we’re settling again right into a extra subdued setting once more for the housing market.

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



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