US MBA mortgage applications w.e. 12 April +3.3% vs +0.1% prior

  • Latest data from the Mortgage Bankers Association for the week ending 12 April 2024
  • Prior +0.1%
  • Market index 202.1 vs 195.7 prior
  • Purchase index 145.6 vs 138.7 prior
  • Refinance index 500.7 vs 498.3 prior
  • 30-year mortgage rate 7.13% vs 7.01% prior

Despite a jump in the rates, mortgage applications in the past week rebounded a fair bit. Both purchases and refinancing activities also climbed with the latter index at its highest since May last year.

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