US MBA mortgage applications w.e. 3 September -1.9% vs -2.4% prior

Author: Justin Low | Category: News

Latest data from the Mortgage Bankers Association for the week ending 3 September 2021

  • Market index 705.6 vs 719.4 prior
  • Purchase index 258.4 vs 259.0 prior
  • Refinancing index 3,292.1 vs 3,385.8 prior
  • 30-year mortgage rate 3.03% vs 3.03% prior
The drop in mortgage activity in the past week owes to both a fall in purchases and refinancing, reaffirming sentiment surrounding the housing market that high housing prices are likely weighing on demand from new home buyers for the most part. Bubble much?
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