Latest data from the Mortgage Bankers Association for the week ending 17 May 2019
- Prior -0.6%
- Purchase index 263.0 vs 268.5 prior
- Market index 425.6 vs 415.7 prior
- Refinancing index 1,334.9 vs 1,232.6 prior
- 30-year mortgage rate 4.33% vs 4.40% prior
Headline measures the change in number of applications for mortgages backed by the MBA during the week. A decent jump in mortgage activity in the past week but nothing too notable. Just about the only significant change is the drop in the long-term mortgage rate, which should help ease some pressure on home buyers.
