Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update highlights mortgage purchase applications.
- The Purchase index declined 3.2 from the previous week, and was 1.7 percent lower compared with a year ago. Refinancing activity advanced 13.2 percent from the prior week. Mortgage rates on a 30-year fixed mortgage declined from 4.67 percent to 4.60 percent during the week.
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