- Prior -0.7%
- Market index 502.5 vs 463.1 prior
- Purchase index 267.6 vs 246.3 prior
- Refinancing index 1,829.7 vs 1,685.7 prior
- 30-year mortgage rate 4.09% vs 4.15% prior
The long-term mortgage rate drops slightly from its highest since May 2019 as mortgage applications rebound strongly in the past week, owing to both a jump in purchases and refinancing activity. But the bounce comes after weeks of a struggle so we'll have to see if this is just a bit of a light blip in the trend.
