Latest data from the Mortgage Bankers Association for the week ending 5 November 2021

  • Market index 658.1 vs 623.8 prior
  • Purchase index 278.4 vs 271.1 prior
  • Refinancing index 2,841.0 vs 2,645.0 prior
  • 30-year mortgage rate 3.16% vs 3.24% prior

The jump in the past week comes amid a rebound in refinancing activity, after having seen the index slump to its weakest since January 2020 in the week prior. Purchases activity also held up as the long-term mortgage rate retreated further from the peak of 3.30% towards the latter stages of October.