Latest data from the Mortgage Bankers Association for the week ending 8 October 2021
- Prior -6.9%
- Market index 686.1 vs 684.5 prior
- Purchase index 279.8 vs 275.7 prior
- Refinancing index 3,023.0 vs 3,037.6 prior
- 30-year mortgage rate 3.18% vs 3.14% prior
A modest increase in mortgage activity despite higher rates once again, with the jump in purchases offsetting the decline in refinancing applications. That said, with higher rates and high prices, it will pose a challenge to demand conditions in the weeks ahead.
