- Prior -2.3%
- Market index 181.6 vs 205.1 prior
- Purchase index 133.6 vs 149.6 prior
- Refinance index 427.0 vs 489.6 prior
- 30-year mortgage rate 7.06% vs 6.87% prior
A steep increase in the average rate of the most popular US home loan sees a big drop in mortgage applications in the past week. Both purchase and refinancing activity showed a marked decline, as sentiment remains languid after the opening two months of the year.
