Latest data from the Mortgage Bankers Association for the week ending 18 December 2020

  • Market index 863.9 vs 857.3 prior
  • Purchase index 316.3 vs 331.6 prior
  • Refinancing index 4,169.0 vs 4,014.5 prior
  • 30-year mortgage rate 2.86% vs 2.85% prior

Purchases activity were seen cooling off with refinancing being the one bolstering mortgage activity in the past week. The housing market continues to keep in a solid position throughout the virus crisis and is staying that way through to the year-end.