Latest data from the Mortgage Bankers Association for the week ending 16 October 2020
- Prior -0.7%
- Market index 794.2 vs 798.9 prior
- Purchase index 304.6 vs 311.1 prior
- Refinancing index 3,620.5 vs 3,612.3 prior
- 30-year mortgage rate 3.02% vs 3.00% prior
Prior week's release can be found here. The drop last week mainly stems from a fall in purchasing activity, as the more robust levels seen in the past few months is starting to lose a bit of steam going into Q4.
The trend in the coming weeks will offer a better indication on what this would mean for the housing market outlook but for now, things are still holding up despite the crisis.
