- Prior +8.5%
- Market index 496.5 vs 502.5 prior
- Purchase index 269.5 vs 267.6 prior
- Refinancing index 1,778.3 vs 1,829.7 prior
- 30-year mortgage rate 4.27% vs 4.09% prior
The drop comes as the 30-year rate rises to its highest since May 2019, as refinancing activity is marked lower and offsetting the slight increase in purchases activity on the week. Overall conditions are still looking rather iffy amid the downturn in the past few months. The Fed hasn't yet tightened but it is already having an impact.
