Latest data from the Mortgage Bankers Association for the week ending 8 August
- Purchase index 233.1 vs 237.9 prior
- Market index 342.5 vs 353.1 prior
- Refinancing index 927.6 vs 971.3 prior
- 30-year mortgage rate 4.84% vs 4.84% prior
Headline measures the change in number of applications for mortgages backed by the MBA during the week. A further dip in mortgage activity on the week as the refinancing index falls to its lowest level since December 2000. A notable dip there but the mortgage rate holds steady at 4.84%. A minor data point given the current economic backdrop.
