US MBA mortgage applications w.e. 25 August +2.3% vs -4.2% prior

  • Latest data from the Mortgage Bankers Association for the week ending 25 August 2023
  • Prior -4.2%
  • Market index 189.0 vs 184.8 prior
  • Purchase index 144.9 vs 142.0 prior
  • Refinance index 407.1 vs 397.1 prior
  • 30-year mortgage rate 7.31% vs 7.31% prior

It's a minor bump in mortgage activity after five straight weeks of declines. So, that should put things into perspective as housing market conditions continue to be weighed down by higher rates for now.

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