Prior -1.2%Market index 226.4 vs 235.7 priorPurchase index 155.0 vs 162.1 priorRefinance index 611.8 vs 634.1 prior30-year mortgage rate 6.92% vs 6.98% prior
Mortgage applications fell again in the past week with both purchases and refinancing activities seen declining. With rates continuing to hold at the highs, it is making for a challenging environment for the market.
This article was written by Justin Low at www.forexlive.com.