Mortgage applications tick up 1.6% for week as refis grow

Mortgage applications tick up 1.6% for week as refis grow

And, with 1-week risk reversals at -0.57x and detailing that traders have already been paying up for AUD/USD put vol, if the RBA doesn’t cut, and the statement is not sufficiently dovish enough.

The Refinance Index ticked up 4 percent from last week, with the refinance share of mortgage activity on a decline to 71.2 percent of total application volume, down from 71.9 percent from the week.

Current Mortgage Rates Comparison On July 3, 2019, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the benchmark 30-year fixed mortgage rate is 3.86 percent.

 · After hitting a low point last month, mortgage interest rates are continuing to tick back up along with activity in the home-buying market for spring. Mortgage Rates Rise as Spring Home Buying.

 · Per mortgage finance company freddie Mac’s Primary Mortgage Survey, the average U.S. 30-year fixed-rate mortgage slipped to the lowest level in a year to 4.28% for the week.

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