US MBA mortgage applications w.e. 29 September -6.0% vs -1.3% prior

  • Latest data from the Mortgage Bankers Association for the week ending 29 September 2023
  • Prior -1.3%
  • Market index 178.2 vs 189.6 prior
  • Purchase index 136.6 vs 144.8 prior
  • Refinance index 384.6 vs 411.7 prior
  • 30-year mortgage rate 7.53% vs 7.41% prior

Mortgage activity plunged further in the past week as the average rate of the most popular US home loan rises another 12 bps to 7.53% - its highest since November 2000.

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