- Prior -5.4%
- Market index 300.0 vs 305.3 prior
- Purchase index 224.3 vs 232.6 prior
- Refinancing index 685.3 vs 670.3 prior
- 30-year mortgage rate 5.74% vs 5.74% prior
Mortgage activity continues to decline with purchases dropping once again, more than offsetting a slight increase in refinancing activity in the past week. As the Fed looks set to raise rates further, the squeeze is on for the US housing market.