US MBA mortgage applications w.e. 4 April +20.0% vs -1.6% prior

  • Latest data from the Mortgage Bankers Association for the week ending 4 April 2025
  • Prior -1.6%
  • Market index 292.3 vs 243.6 prior
  • Purchase index 172.7 vs 158.2 prior
  • Refinance index 961.4 vs 710.4 prior
  • 30-year mortgage rate 6.61% vs 6.70% prior

There's a surge in mortgage applications in the past week owing to a jump in refinancing activity. But I'd be more interested to see how things will shape up this week amid the massive selloff in Treasuries, leading to the big spike in yields.

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