Latest data from the Mortgage Bankers Association for the week ending 22 March 2019
- Prior +1.6%
- Purchase index 267.5 vs 251.5 prior
- Market index 424.6 vs 390.0 prior
- Refinancing index 1,289.5 vs 1,146.8 prior
- 30-year mortgage rate 4.45% vs 4.55% prior
Headline measures the change in number of applications for mortgages backed by the MBA during the week. A solid boost in mortgage activity and it comes with another noticeable drop in the long-term mortgage rate. That will continue to help ease the burden on home buyers and will be a bit of a relief for US housing market sentiment in the short-term.
