Prior -4.1%
Market index 981.1 vs 907.6 prior Purchase index 334.6 vs 334.2 prior Refinancing index 4,746.2 vs 4,261.5 prior 30-year mortgage rate 2.92% vs 2.95% priorThe jump in the past week owes much to a spike in refinancing activity but purchases in general also continue to hold up. That continues to reflect stronger housing market conditions in general, as has been the case with rates being this low.
Further Development
Analyzing the current trading chart of Gold, I found that there is still potential for the drop on the Gold and test of $1,803.
Key Levels:
Resistance: $1,842
Support levels: $1,830 and $1,80