US MBA mortgage applications w.e. 13 September -0.1% vs +2.0% prior
Latest data from the Mortgage Bankers Association for the week ending 13 September 2019
- Prior +2.0%
- Purchase index 269.7 vs 253.5 prior
- Market index 569.5 vs 569.8 prior
- Refinancing index 2,274.1 vs 2,377.5 prior
- 30-year mortgage rate 4.01% vs 3.82% prior
That sort of comes alongside the jump in yields last week ahead of the Fed decision today but it will put off home buyers and strain the housing market should we see rates continue to climb higher in the coming weeks/months.
Reprinted from Forexlive，the copyright all reserved by the original author.
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