December 6, 2022

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US MBA mortgage applications w.e. 30 July -1.7% vs +5.7% prior

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Latest data from the Mortgage Bankers Association for the week ending 30 July 2021

  • Market index 734.3 vs 737.9 prior
  • Purchase index 247.5 vs 251.7 prior
  • Refinancing index 3,571.3 vs 3,570.4 prior
  • 30-year mortgage rate 2.97% vs 3.01% prior

The long-term mortgage rate falls below 3% for the first time since February amid the shove lower in global rates but it isn’t enough to spur purchase activity – which fell again over the past week. Refinancing activity kept steadier after the surge in the week prior.

MBA notes that:

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