US MBA mortgage purposes w.e. 25 October -Zero.1% vs -6.7% prior

• Prior -6.7%
• Market index 214.5 vs 214.eight prior
• Buy index 137.eight vs 131.three prior
• Refinancing index 630.Zero vs 672.6 prior
• 30-year mortgage fee 6.73% vs 6.52% prior

After a pointy fall in mortgage purposes within the earlier two weeks, the newest studying is little modified however it’s essential to have a look at the small print. Refinancing exercise took one more sharp plunge as larger charges as soon as once more weighed on that specific part. The drop was solely offset by a modest leap in purchases exercise previously week. The refinancing index is now on the lowest for the reason that finish of July.

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



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