Recent US MBA Mortgage Applications Show Drop After Previous Increase
Wednesday, 20 March 2024, 11:03
US MBA Mortgage Applications Report
The US MBA mortgage applications report for the week ending 15th March points to a 1.6% decrease, down from a 7.1% increase in the previous period. The market index decreased to 198.2 from 201.5, while the purchase index saw a drop from 146.0 to 147.7. Refinance index also slipped from 468.4 to 480.3. The 30-year mortgage rate rose to 6.97% from 6.84%, impacting both purchase and refinance activities.
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