Latest data from the Mortgage Bankers Association for the week ending 10 April 2020
- Prior -17.9%
- Purchase index 182.6 vs 185.9 prior
- Market index 770.7 vs 718.2 prior
- Refinancing index 4,242.7 vs 3,853.1 prior
- 30-year mortgage rate 3.45% vs 3.49% prior
The rise in the headline largely stems from refinancing activity as the long-term rates keep at the lows. The more concerning part though is that purchases is seen falling once again, so that is a better indication of housing market sentiment amid lockdown measures:
