General World News

Purchase applications tick up but remain at a very low level

As mortgage rates reached their 2023 peak, mortgage applications rose slightly but remained very low last week.  

For the week that ended July 7, mortgage applications rose 0.9% from the prior week, according to data from the Mortgage Bankers Association

“Incoming economic data continue to send mixed signals about the economy, with the overall impact leaving Treasury yields higher last week as markets expect that the Federal Reserve will need to hold rates higher for longer to slow inflation. All mortgage rates details ⇒

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