- Prior +1.2%
- Market index 238.7 vs 186.7 prior
- Purchase index 198.7 vs 159.4 prior
- Refinance index 438.3 vs 326.7 prior
- 30-year mortgage rate 6.23% vs 6.42% prior
That's the largest increase in mortgage applications since March 2020, as it comes amid a sharp fall in rates to the lowest since September last year. Evidently, the increasing optimism that inflation
Inflation
Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m
Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m
Read this Term is slowing isn't just buoying financial markets but the housing market seems to be benefiting as well. That said, this is just a bit of a respite after what has been a torrid year for mortgage activity in the last year.
