US MBA mortgage applications w.e. 21 May -4.2% vs +1.2% prior
Latest data from the Mortgage Bankers Association for the week ending 21 May 2021
- Prior +1.2%
- Market index 693.7 vs 724.2 prior
- Purchase index 269.8 vs 265.3 prior
- Refinancing index 3,168.8 vs 3,413.3 prior
- 30-year mortgage rate 3.18% vs 3.15% prior
Overall, with rates keeping higher, it is still causing some moderation in housing market activity after the surge seen last year amid lower rates at the time.