Latest data from the Mortgage Bankers Association for the week ending 14 June 2019
- Prior +26.8%
- Purchase index 268.6 vs 278.4 prior
- Market index 511.8 vs 529.8 prior
- Refinancing index 1,888.8 vs 1,956.5 prior
- 30-year mortgage rate 4.14% vs 4.12% prior
Headline measures the change in number of applications for mortgages backed by the MBA during the week. Mortgage activity declined slightly last week following a major boost in the week before - largely due to refinancing activity - and this comes as the long-term rate ticks up higher by a little.
Nonetheless, rates have fallen significantly over the past few months as the Fed moves away from its tightening cycle so let's see if they will help out the housing market a little more in signaling any easing intentions later today.
