US MBA mortgage applications w.e. 18 October -6.7% vs -17.0% prior

  • Latest data from the Mortgage Bankers Association for the week ending 18 October 2024
  • Prior -17.0%
  • Market index 214.8 vs 230.2 prior
  • Purchase index 131.3 vs 138.4 prior
  • Refinance index 672.6 vs 734.6 prior
  • 30-year mortgage rate 6.52% vs 6.52% prior

Another week, another plunge in mortgage applications as higher rates continue to weigh on the market. Both purchases and refinancing activity fell sharply with the latter once again sliding hard in the past week.

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