US MBA mortgage applications w.e. 30 August +1.6% vs +0.5% prior

  • Latest data from the Mortgage Bankers Association for the week ending 30 August 2024
  • Prior +0.5%
  • Market index 230.5 vs 226.9 prior
  • Purchase index 136.1 vs 131.8 prior
  • Refinance index 751.4 vs 753.8 prior
  • 30-year mortgage rate 6.43% vs 6.44% prior

Mortgage applications rose in the past week but the breakdown was a bit more mixed. Purchases jumped but was partially offset by a decline in refinancing activity. That as the average rate of the most popular US home loan remained relatively stable after the recent drop.

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