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US MBA mortgage applications w.e. 7 March +11.2% vs +20.4% prior
USD
- Prior +20.4%
- Market index 269.3 vs 242.2 prior
- Purchase index 154.6 vs 144.5 prior
- Refinance index 911.3 vs 784.2 prior
- 30-year mortgage rate 6.67% vs 6.73% prior
That's now back-to-back solid weekly spikes in mortgage applications, once again boosted mostly be a surge in refinancing activity. Signs of life in the housing market or just a blip amid the fall in rates over the past few weeks? It'll be interesting to see how the trend fares in the coming month or two.
Source: Forex Live
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