US MBA mortgage applications w.e. 1 December +2.8% vs +0.3% prior

  • Latest data from the Mortgage Bankers Association for the week ending 1 December 2023
  • Prior +0.3%
  • Market index 181.1 vs 176.1 prior
  • Purchase index 144.5 vs 144.9 prior
  • Refinance index 373.3 vs327.8 prior
  • 30-year mortgage rate 7.17% vs 7.37% prior

Mortgage applications pick up as rates fall, with the increase in the past week owing to a jump in refinancing activity - which offsets a mild drop in purchases.

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