• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

US Mortgage Applications Slip to Three-Year Low

June 1, 2022 by Forex Winner Leave a Comment

US Mortgage Applications Slip to Three-Year Low

Source: Mortgage Bankers Association

Mortgage applications declined to the lowest level in over three years in the past week, dragged by supply and affordability issues. XHB is down 1.17%, while ITB is down 1.06%.

  • Mortgage applications for the week ending May 27, 2022, declined by 2.3% from the previous week. This is the lowest level since December 2018.
  • Purchase applications were 14% lower than in the same period in 2021, with higher activity seen in larger loan sizes.
  • Strong demand is seen in the upper end of the market, with buyers not as affected by supply and affordability issues.
  • The Refinance Index posted a 5% decline from the past week and a 75% drop from the comparable period in 2021.
  • The seasonally adjusted Purchase Index fell by 1% from the past week, while the unadjusted index fell 2% from the previous week.
  • MBA Associate Vice President Joel Kan said mortgage rates have already fallen in four out of the past five weeks, given the decline in Treasury yields.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

Boohoo Group Lowers Revenue Targets for Fiscal 2024

October 3, 2023

Microsoft Corp. Shares Experience 1.92% Increase

October 2, 2023

Singapore Blank-Check Company to Acquire Taiwan Social-Entertainment Platform

October 2, 2023

Footer

Forex Broker Reviews

PrimeXBT

PrimeXBT Review

December 23, 2021 By Forex Winner

Binarycent

Binarycent Review

June 14, 2019 By Forex Winner

fxglory

FxGlory Review

September 4, 2019 By Forex Winner

Forex Robot Reviews

Earn2Trade Review

August 20, 2023 By Andre

FundedNext Review

August 16, 2023 By Andre

Topstep Forex Review

August 14, 2023 By Andre

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure