Mortgage applications saw a 2.8% increase compared to the previous week, with a focus on home purchase loans and refinance applications. The report covers the week ended November 10th, providing valuable insights into the current housing market and economic trends.
What factors are contributing to the low levels of loan applications for home purchases?
Historically low levels of existing houses for sale and elevated home prices and mortgage rates.
Why are the majority of people opting for cash-out refinances and higher rates?
Financial hardships and a softening labor market are driving the increase in cash-out refinances.
How are the US Treasury note and inflation rates trending?
The US Treasury note increased by 9 basis points to 4.53%, while the Consumer Price Index (CPI) and Producer Price Index (PPI) both came in lower than forecasted, indicating decreasing inflation.
Mortgage applications saw a 2.8% increase compared to the previous week, with a focus on home purchase loans and refinance applications. The report covers the week ended November 10th, providing valuable insights into the current housing market and economic trends.
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