Latest data from the Mortgage Bankers Association for the week ending 11 October 2019

  • Purchase index 250.6 vs 252.2 prior
  • Market index 585.5 vs 574.5 prior
  • Refinancing index 2,505.8 vs 2,418.1 prior
  • 30-year mortgage rate 3.92% vs 3.90% prior

Headline measures the change in number of applications for mortgages backed by the MBA during the week. Mortgage activity continues to rise a little in the last week but nothing out of the ordinary here.

The long-term rate continues to sit under 4% for the time being and that should continue to alleviate some pressure off home buyers in the big picture.