US MBA mortgage purposes w.e. eight November +zero.5% vs -10.eight% prior

• Prior -10.eight%
• Market index 192.four vs 191.four prior
• Buy index 133.three vs 130.eight prior
• Refinance index 506.zero vs 513.5 prior
• 30-year mortgage price 6.86% vs 6.81% prior

After a giant dive in mortgage purposes within the week earlier than, issues are seen stabilising a bit extra up to now week. Nonetheless, the main points present a little bit of a blended image with purchases exercise climbing whereas refinancing exercise eases additional as soon as once more. That comes as the typical price of the preferred US dwelling mortgage continues to surge greater. For some context, mentioned price was solely at 6.36% firstly of October.

This text was written by Justin Low at www.ubaidahsan.com.



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