Latest data from the Mortgage Bankers Association for the week ending 23 April 2021

  • Market index 706.6 vs 724.8 prior
  • Purchase index 281.4 vs 295.5 prior
  • Refinancing index 3,185.3 vs 3,219.9 prior
  • 30-year mortgage rate 3.17% vs 3.20% prior

A bit of a moderation in both purchases and refinancing after the surge seen in the prior week, as higher rates in general continue to oversee a decline in housing market activity in general - as evident by the trend in purchases.