US MBA mortgage applications w.e. 21 June +0.8% vs +0.9% prior

  • Latest data from the Mortgage Bankers Association for the week ending 21 June 2024
  • Prior +0.9%
  • Market index 212.0 vs 210.4 prior
  • Purchase index 147.8 v 146.0 prior
  • Refinance index 552.4 vs 552.7 prior
  • 30-year mortgage rate 6.93% vs 6.94% prior

Mortgage applications were a touch higher in the past week, with a rise in purchase activity helping to offset a marginal decline in refinancing activity. Overall, housing activity remains rather tepid at best - even if there was a significant bump in mortgage applications in the weeks before.

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