Kingdom Economics: Kingdom Decisions Have Consequences
The Mortgage Bankers Association released its weekly report. The average weekly 30-year mortgage rate was 4.05%, 22 bps higher for the week and the highest since July 31, 2019. Mortgage applications were down 5.4%, compared to being down 8.1% the previous week. The MBA Mortgage Market Index was down 5.4% and the Refinancing Index was …
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