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US MBA mortgage applications w.e. 19 April -2.7% vs +3.3% prior

US MBA mortgage applications w.e. 19 April -2.7% vs +3.3% prior

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24-04-2024, 11:53

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US MBA mortgage applications w.e. 19 April -2.7% vs +3.3% prior

Prior +3.3%
Market index 196.7 vs 202.1 prior
Purchase index 144.2 vs 145.6 prior
Refinance index 472.7 vs 500.7 prior
30-year mortgage rate 7.24% vs 7.13% prior

Mortgage applications fell back in the past week, with refinancing activity leading most of the drop. It comes as the average interest rate of the most popular US home loan climbs by 11 bps to 7.24% - its highest since November last year.

This article was written by Justin Low at www.forexlive.com.

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US MBA mortgage applications w.e. 19 April -2.7% vs +3.3% prior

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