US MBA mortgage applications w.e. 11 May -2.7% vs -0.4% prior
Latest data from the Mortgage Bankers Association for the week ending 11 May
- Purchase index 252.4 vs 257.7 prior
- Market index 376.5 vs 387.1 prior
- Refinancing index 1,057.1 vs 1,098.4 prior
- 30-year mortgage rate 4.77% vs 4.78% prior
Headline measures the change in number of applications for mortgages backed by the MBA during the week.
A minor data point, not one that has much (if any) of an impact at this point in time.