The US MBA Mortgage Application Index jumped 13.0% last week, after the index moved a modest 0.6% higher in the previous week. The gain came as the Refinance Index surged 17.1%, more than offsetting a 3.4% drop in the Purchase Index. Details from Bloomberg...
The Dow Jones Industrial Average gained 10 points (0.1%) to 10,416, the S&P 500 Index rose 2 points (0.2%) to 1,094, and the Nasdaq Composite advanced 6 points (0.3%) to 2,216. Crude oil lost $0.35 to $75.42 per barrel, and the Bloomberg gold spot price gained $4.10 to $1,228.95 per ounce.
Magnificent Seven Update
