US MBA mortgage functions w.e. 15 August -1.four% vs +10.9% prior
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- Market index 277.1 vs 281.1 prior
- Buy index 160.three vs 160.2 prior
- Refinance index 926.1 vs 956.2 prior
- 30-year mortgage fee 6.68% vs 6.67% prior
That is by no means a market shifting launch. Mortgage functions are usually inversely correlated to mortgage charges.
This text was written by Giuseppe Dellamotta at investinglive.com.
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