US MBA mortgage applications w.e. 2 February +3.7% vs -7.2% prior

  • Latest data from the Mortgage Bankers Association for the week ending 2 February 2024
  • Prior -7.2%
  • Market index 210.0 vs 202.5 prior
  • Purchase index 153.5 vs 154.5 prior
  • Refinance index 500.2 vs 445.6 prior
  • 30-year mortgage rate 6.80% vs 6.78% prior

The rebound in mortgage applications in the past week owes a lot to a surging bounce in refinancing activity. That helped to offset the decline in purchase activity, as the average rate of the most popular US home loan rises slightly.

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