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.
