- Purchase index 167.8 vs 181.7 prior
- Refi index 1327.4 vs 1328.9 prior
- 30 year mortgage rate 4.33% vs 4.32% prior
That’s a pretty sizable drop in purchases after it looked like they were stabilising. If we see another couple of weeks of that then we might start to see the worries over the housing market return. I like this report, as like initial jobless claims, it gives a better running commentary than the monthly numbers.
We have US NAHB housing market index today and US housing starts tomorrow but they will be lagging this data.
US MBA purchase index 16 07 2014
