- Prior -0.8%
- Market index 192.1 vs 182.2 prior
- Purchase index 147.0 vs 143.7 prior
- Refinance index 415.4 vs 367.0 prior
- 30-year mortgage rate 7.31% vs 7.27% prior
Despite a further rise in the average rate of the most popular US home loan, mortgage applications rose in the past week – largely helped out by a big jump in refinancing activity. Purchases were also higher but very slightly, though the overall picture remains rather subdued against the backdrop of higher interest rates for now.