• Prior -13.1%
  • Market index 463.1 vs 466.4 prior
  • Purchase index 246.3 vs 250.7 prior
  • Refinancing index 1,685.7 vs 1,677.7 prior
  • 30-year mortgage rate 4.15% vs 4.06% prior

The drop in the past week was minor but it comes after weeks of declines, with the market index now making a fresh low since the end of 2019. The worsening sentiment comes as the 30-year mortgage rate continues to jump higher, moving up to 4.15% - its highest since May 2019.

US MBA 02-03