Latest data from the Mortgage Bankers Association for the week ending 19 October 2018
- Purchase index 228.4 vs 224.0 prior
- Market index 337.8 vs 322.1 prior
- Refinancing index 919.6 vs 838.1 prior
- 30-year mortgage rate 5.11% vs 5.10% prior
Headline measures the change in number of applications for mortgages backed by the MBA during the week. The market index recovers on the week as mortgage activity picked up a little but once again the 30-year rate rises to a fresh seven-year high of 5.11% as borrowing costs in the US continue to move higher.
