US MBA Mortgage Applications: -13.3% (Previous -7.7%)
US MBA Mortgage Applications: -13.3% (Previous -7.7%)30-Yr Mortgage Rate Actual 6.62% (Previous 6.39%)The stall continuesReuters NoteThe renewed rise on mortgage rates caused more potential buyers to sit on the sidelines. The MBA's Purchase Composite Index, a measure of all mortgage loan applications for purchase of a single family home, dropped 18.1% from the prior week to its lowest level since 1995. This article was written by Ryan Paisey at www.forexlive.com.
US MBA Mortgage Applications: -13.3% (Previous -7.7%)
30-Yr Mortgage Rate Actual 6.62% (Previous 6.39%)
The stall continues
The renewed rise on mortgage rates caused more potential buyers to sit on the sidelines.
The MBA's Purchase Composite Index, a measure of all mortgage loan applications for purchase of a single family home, dropped 18.1% from the prior week to its lowest level since 1995.
This article was written by Ryan Paisey at www.forexlive.com.
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