- Prior +6.6%
- Market index 320.4 vs 307.4 prior
- Purchase index 242.8 vs 225.0 prior
- Refinancing index 712.7 vs 735.5 prior
- 30-year mortgage rate 5.98% vs 5.65% prior
A rush in home buying before the Fed? That is perhaps the case as the average long-term mortgage rate climbs by another 33 bps to its highest since November 2008. Refinancing activity did drop though, so the jump is largely supported by a spike in purchases.
