- Prior -1.3%
- Market index 374.0 vs 393.5 prior
- Purchase index 254.0 vs 261.8 prior
- Refinancing index 1,023.2 vs 1,109.0 prior
- 30-year mortgage rate 5.20% vs 5.13% prior
The long-term mortgage rate climbs to a 12-year high and that is proving to be a drag on demand conditions as mortgage applications slump once again. Both purchases and refinancing activity fell on the week as the run up in home-financing costs is weighing heavily on sentiment.
