Latest data from the Mortgage Bankers Association for the week ending 26 April 2019
- Prior -7.3%
- Purchase index 259.4 vs 269.3 prior
- Market index 407.2 vs 425.6 prior
- Refinancing index 1,228.3 vs 1,293.0 prior
- 30-year mortgage rate 4.42% vs 4.46% prior
Headline measures the change in number of applications for mortgages backed by the MBA during the week. Mortgage activity declines again on the week and this reflects the softness in the housing market and worries that we had at the beginning of the year. The bright side is that the long-term rate comes off again but the decline in activity is definitely a bit of a concern if it continues in the coming weeks.
