- Purchase index 164.1 vs 164.8 prior
- Refi index 1358.0 vs 1322.2 prior
- 30 year mortgage rate 4.29% vs 4.35% prior
A slight fall in purchases but nothing to write home about. Although it’s not the strongest indicator the 30 year interest rate can be used as a guide for the expectation of interest rate. I wouldn’t take marginal moves as important but if we start to see it spike higher then that would increase the expectations in the market. Just something to watch over the next few months.
US MBA 30 year mortgage rate 20 08 2014