• Prior -5.4%
  • Market index 300.0 vs 305.3 prior
  • Purchase index 224.3 vs 232.6 prior
  • Refinancing index 685.3 vs 670.3 prior
  • 30-year mortgage rate 5.74% vs 5.74% prior

Mortgage activity continues to decline with purchases dropping once again, more than offsetting a slight increase in refinancing activity in the past week. As the Fed looks set to raise rates further, the squeeze is on for the US housing market.