U.S. mortgage applications fell to their lowest levels in six weeks even as home borrowing costs turned cheaper as a result of lower bond yields, the Mortgage Bankers Association said on Wednesday.
The seasonally adjusted index on mortgage activity to buy a home and to refinance one declined 4.3% to 407.2 in week ended April 26, which was the lowest reading since 390.0 in the week of March 15.
Category IntermediateGovernment
A.I.dvisor indicates that over the last year, DRGMX has been closely correlated with UGSCX. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if DRGMX jumps, then UGSCX could also see price increases.
Ticker / NAME | Correlation To DRGMX | 1D Price Change % | ||
---|---|---|---|---|
DRGMX | 100% | N/A | ||
UGSCX - DRGMX | 95% Closely correlated | N/A | ||
RGVEX - DRGMX | 95% Closely correlated | N/A | ||
RGVFX - DRGMX | 95% Closely correlated | N/A | ||
UGSFX - DRGMX | 95% Closely correlated | N/A | ||
FSUUX - DRGMX | 94% Closely correlated | N/A | ||
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