Data out a short while ago while I had my attention elsewhere
- -2bps
- lowest rate since May
- mortgage purchase index down 1.1% to 195.3
- mortgage market index +3.6% to 411.7
- refi index +7.2% to 1646.00. highest since May
The mortgage application index showing strong demand as rates dip
Says MBA vp Lynn Fisher
"Concerns about the Chinese economy pushed interest rates down last week. The pickup in refinance activity was led by larger loan sizes on average, as continued investor interest drove jumbo interest rates down even further"
