Latest data from the Mortgage Bankers Association for the week ending 11 October 2019
- Prior +5.2%
- 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.
