- Prior -4.4%
- Market index 208.4 vs 206.5 prior
- Purchase index 165.3 vs 162.4 prior
- Refinance index 416.0 vs 421.3 prior
- 30-year mortgage rate 7.07% vs 6.85% prior
Mortgage applications increased slightly in the past week as the jump in purchases activity helped to offset a decline in refinancing activity. This comes despite a massive 22 bps jump in the average rate of the most popular US home loan to above 7% again - its highest since November last year.
