- Prior -1.6%
- Market index 292.3 vs 243.6 prior
- Purchase index 172.7 vs 158.2 prior
- Refinance index 961.4 vs 710.4 prior
- 30-year mortgage rate 6.61% vs 6.70% prior
There’s a surge in mortgage applications in the past week owing to a jump in refinancing activity. But I’d be more interested to see how things will shape up this week amid the massive selloff in Treasuries, leading to the big spike in yields.
This article was written by Justin Low at www.forexlive.com.