• Purchase index 178.6 vs 187.5 prior
  • Refinance index 1334.0 vs 1528.9 prior
  • 30 year mortgage rate 4.36% vs 4.34% prior

That’s a sizable drop in purchases and refinances and points to a slowing in the US housing market.

US MBA purchase index 18 June 2014

US MBA purchase index 18 June 2014