Latest data from the Mortgage Bankers Association for the week ending 26 June 2020
- Prior -8.7%
- Market index 758.9 vs 77.31 prior
- Purchase index 308.7 vs 312.7 prior
- Refinancing index 3,359.2 vs 3,434.6 prior
- 30-year mortgage rate 3.29% vs 3.30%
Mortgage activity moderates a little further towards the end of June, with purchases seen slipping a little but still keeping at relatively robust levels. Amid the coronavirus situation starting to escalate again in the US, this may put a bit of a dent in housing market activity but so far the indication is that the impact remains rather minimal in the US.
