- Prior +9.7%
- Market index 201.5 vs 188.2 prior
- Purchase index 147.7 vs 141.1 prior
- Refinancing index 480.3 vs 428.1 prior
- 30-year mortgage rate 6.84% vs 7.02% prior
The average rate of the most popular US home loan fell by 18 bps in the last week and that helped to see a resurgence in both purchases and refinancing activity. The latter in particular saw a big jump and helped with a modest rebound in mortgage applications, following a poor start to the year.
