Latest data from the Mortgage Bankers Association for the week ending 7 September
- Purchase index 233.5 vs 231.4 prior
- Market index 337.4 vs 343.5 prior
- Refinancing index 884.3 vs 940.0 prior
- 30-year mortgage rate 4.84% vs 4.80% prior
Headline measures the change in number of applications for mortgages backed by the MBA during the week. Slight dip in mortgage activity once again. Of note, the refinancing index fell 5.9% over the past week. Looks very much to be a one-off but let's see what the next few releases will have to offer.
