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US MBA mortgage applications w.e. 23 October +1.7% vs -0.6% prior

October 28, 2020 by admin 0 Comments

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Latest data from the Mortgage Bankers Association for the week ending 23 October 2020

Market index 807.8 vs 794.2 prior
Purchase index 305.2 vs 304.6 prior
Refinancing index 3,711.6 vs 3,620.5 prior
30-year mortgage rate 3.00% vs 3.02% prior

The rise last week largely stems from an increase in refinancing activity, although purchases were also seen higher as well. This reaffirms the narrative that the housing market still remains somewhat steady despite the massive wave of virus infections in the US.
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This article was originally published by Forexlive.com. Read the original article here.