- Prior -5.7%
- Market index 201.5 vs 188.5 prior
- Purchase index 154.4 vs 138.8 prior
- Refinance index 437.9 vs 444.0 prior
- 30-year mortgage rate 6.79% vs 6.71% prior
The bounce in mortgage activity in the past week owes to a rebound in purchases, as refinancing activity actually reflected yet another decline. This comes amid a further increase in the average interest rate of the most popular US home loan, up another 8 bps to 6.79% - its highest levels since November.
