US MBA mortgage applications w.e. 15 October -6.3% vs +0.2% prior
Latest data from the Mortgage Bankers Association for the week ending 15 October 2021
- Prior +0.2%
- Market index 643.0 vs 686.1 prior
- Purchase index 266.2 vs 279.8 prior
- Refinancing index 2,807.9 vs 3,023.0 prior
- 30-year mortgage rate 3.23% vs 3.18% prior
As rates are still keeping higher, that may put a further drag on overall activity even as housing market conditions have held up quite well over the past few months.