US MBA mortgage applications w.e. 14 February 2020 -6.4% vs +1.1% prior

Author: Justin Low | Category: News

Latest data from the Mortgage Bankers Association for the week ending 14 February 2020


  • Purchase index 258.4 vs 267.4 prior
  • Market index 645.5 vs 689.5 prior
  • Refinancing index 2,87.1 vs 3,123.6 prior
  • 30-year mortgage rate 3.77% vs 3.72% prior
The drop mainly owes to refinancing activity, particularly after the surge from two weeks ago. Purchasing activity was also modestly weaker for a third straight week but there isn't much else to gather from that as the long-term rate remains low despite a mild jump last week.

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