US MBA mortgage applications w.e. 1 November -10.8% vs -0.1% prior | Forexlive

Prior -0.1%
Market index 191.4 vs 214.5 prior
Purchase index 130.8 vs 137.8 prior
Refinance index 513.5 vs 630.0 prior
30-year mortgage rate 6.81% vs 6.73% prior

Mortgage applications tanked in the past week with both purchases and refinancing activity slumping hard amid the rise in rates. Now that Trump has won the election and rates are skyrocketing even more, this is one spot that isn’t going to go down well in the next week.

This article was written by Justin Low at www.forexlive.com.

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