US MBA mortgage applications w.e. 27 October -2.1% vs -1.0% prior

  • Latest data from the Mortgage Bankers Association for the week ending 27 October 2023
  • Prior -1.0%
  • Market index 161.8 vs 165.2 prior
  • Purchase index 125.2 vs 127.0 prior
  • Refinance index 341.7 vs 354.0 prior
  • 30-year mortgage rate 7.86% vs 7.90% prior

Once again, mortgage activity in the US fell declined in the past week with both purchases and refinancing also falling. This comes as the average rate of the most popular US home loan cools slightly by 4 bps to 7.86%, from its highest since September 2000 in the week before.

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