US MBA mortgage applications w.e. 10 May -0.6% vs +2.7% prior

Author: Justin Low | Category: News

Latest data from the Mortgage Bankers Association for the week ending 10 May 2019

  • Prior +2.7%
  • Purchase index 268.5 vs 270.2 prior
  • Market index 415.7 vs 418.1 prior
  • Refinancing index 1,232.6 vs 1,238.5 prior
  • 30-year mortgage rate 4.40% vs 4.41% prior
Headline measures the change in number of applications for mortgages backed by the MBA during the week. Mortgage activity declined on the week with the long-term mortgage rate slipping by 1 bps to 4.40%.

Nothing much else to really gather from the release here as housing market conditions have been a bit more subdued over the past two months in the US.

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