US MBA mortgage applications w.e. 28 June -2.6% vs +0.8% prior

  • Latest data from the Mortgage Bankers Association for the week ending 28 June 2024
  • Prior +0.8%
  • Market index 206.5 vs 212.0 prior
  • Purchase index 142.9 vs 147.8 prior
  • Refinance index 544.1 vs 552.4 prior
  • 30-year mortgage rate 7.03% vs 6.93% prior

Mortgage applications fell in the past week with both purchases and refinancing activity also declining. It comes as the average rate of the most popular US home loan rises back above the 7% mark. Overall, it still points to rather subdued conditions in the housing market.

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