Latest data from the Mortgage Bankers Association for the week ending 1 May 2020

  • Purchase index 220.0 vs 208.0 prior
  • Market index 744.2 vs 743.4 prior
  • Refinancing index 3,835.7 vs 3,901.4 prior
  • 30-year mortgage rate 3.40% vs 3.43% prior

The positive aspect once again is that purchases is seen increasing slightly after hitting a low point a few weeks back. But if anything, this just continues to show that housing market activity remains tepid amid the fallout from the virus outbreak.