Latest data from the Mortgage Bankers Association for the week ending 22 February 2019
- Prior +3.6%
- Purchase index 247.0 vs 232.7 prior
- Market index 384.8 vs 365.3 prior
- Refinancing index 1,133.8 vs 1,084.4 prior
- 30-year mortgage rate 4.65% vs 4.66% prior
Headline measures the change in number of applications for mortgages backed by the MBA during the week. Mortgage activity rose again on the week but the 30-year rate holds rather steady, coming in at 4.65%. And when you pair that with the housing starts seen yesterday, it's not exactly a good sign for housing sentiment.
