> US MBA mortgage applications w.e. 3 May +2.6% vs -2.3% prior

US MBA mortgage applications w.e. 3 May +2.6% vs -2.3% prior

Latest data from the Mortgage Bankers Association for the week ending 3 May 2024

Wednesday, 08/05/2024 | 11:00 GMT-0

Prior -2.3%
Market index 197.1 vs 192.1 prior
Purchase index 144.2 vs 141.7 prior
Refinance index 477.5 vs 456.9 prior
30-year mortgage rate 7.18% vs 7.29% prior

That's a slight bounce back in US mortgage applications, with both purchases and refinancing activity picking up on the week. It comes as the average rate of the most popular US home loan eases off its highest levels since November in the week before.