- Prior +7.1%
- Market index 198.2 vs 201.5 prior
- Purchase index 146.0 vs 147.7 prior
- Refinance index 468.4 vs 480.3 prior
- 30-year mortgage rate 6.97% vs 6.84% prior
The average rate of the most popular US home loan surges higher by 13 bps in the past week, nearing the 7% mark again. That put a bit of a drag on mortgage applications, with both purchases and refinancing activity slipping lower.
