• Purchase index 171.2 vs 179.8
  • Refi index 1549.0 vs 1604.6
  • 30 year mortgage rate 4.15% vs 4.18% prior

A dip in mortgage activity seen this week but nothing to get worried about. The 30 year rate is shifting lower which mirrors the low rate sentiment seen at the moment, and no doubt due to some spill over from the end of QE.

US MBA 30 year mortgage rate vs US 30 year bond yield 26 11 2014

US MBA 30 year mortgage rate vs US 30 year bond yield 26 11 2014