Weekly Data Shows -1.6% Drop in US MBA Mortgage Applications
Wednesday, 20 March 2024, 11:03
US MBA Mortgage Applications Report
The latest weekly report on US MBA mortgage applications showed a decline of -1.6% compared to the previous period.
Key Figures:
- Market index: 198.2 vs 201.5 prior
- Purchase index: 146.0 vs 147.7 prior
- Refinance index: 468.4 vs 480.3 prior
- 30-year mortgage rate: 6.97% vs 6.84% prior
The average rate of the most popular US home loan surged higher by 13 bps in the past week, nearing the 7% mark again, impacting application activity negatively.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.