US MBA mortgage applications w.e. 13 September +14.2% vs +1.4% prior

Prior +1.4%Market index 266.8 vs 233.7 priorPurchase index 146.1 vs 138.6 priorRefinance index 941.4 vs 757.8 prior30-year mortgage rate 6.15% vs 6.29% priorA further drop in the average rate of the most popular US home loan sparked a big jump in refinancing activity in the past week. And that led to the surge in mortgage applications, also helped by a slight bump in purchases activity. Recovery time? This article was written by Justin Low at www.forexlive.com.

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A further drop in the average rate of the most popular US home loan sparked a big jump in refinancing activity in the past week. And that led to the surge in mortgage applications, also helped by a slight bump in purchases activity. Recovery time?.