US MBA mortgage applications w.e. 14 May +1.2% vs +2.1% prior

Author: Justin Low | Category: News

Latest data from the Mortgage Bankers Association for the week ending 14 May 2021

  • Prior +2.1%
  • Market index 724.2 vs 715.3 prior
  • Purchase index 265.3 vs 276.7 prior
  • Refinancing index 3,413.3 vs 3,281.0 prior
  • 30-year mortgage rate 3.15% vs 3.11% prior
The jump in mortgage applications in the past week owes much to refinancing activity as purchases is seen dipping again, with a slight bump to the long-term rate observed.

Overall, housing market conditions have met a bit of moderation after having run hot last year as evident with the trend in purchasing activity over the past few months.
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