Latest data from the Mortgage Bankers Association for the week ending 19 July 2019
- Prior -1.1%
- Purchase index 260.8 vs 265.1 prior
- Market index 490.8 vs 500.2 prior
- Refinancing index 1,789.8 vs 1,827.3 prior
- 30-year mortgage rate 4.08% vs 4.12% prior
Headline measures the change in number of applications for mortgages backed by the MBA during the week. Mortgage activity slumped again last week - four straight weeks of decline - and that continues to highlight a bit of subdued sentiment surrounding the US housing market as of late despite it being the summer time.
The release here isn't a major one but we'll get more indications of housing market activity later on in the day with new home sales set to be released at 1400 GMT.
