• Prior +2.7%
  • Market index 209.8 vs 205.2 prior
  • Purchase index 174.4 vs 169.7 prior
  • Refinance index 373.6 vs 367.1 prior
  • 30-year mortgage rate 6.67% vs 6.90%

Another drop in the average rate for the most popular US home loan sees mortgage activity continue to recover slightly but it is just moving off the lowest levels since 1997.