Mortgage Bankers Association

US MBA mortgage application September
  • Purchase index 263.8 vs 261.4 prior
  • Market index. 553.8 vs 512.2 prior
  • Refinancing index 2202.6 vs 2545.6 prior
  • 30-year mortgage rate 3.99% vs 4.02% prior

Slight pick up in mortgage backed by the Mortgage Bankers Association. Slight drop in longer term mortgage rate which supports the housing market.