Latest data from the Mortgage Bankers Association for the week ending 14 June 2019

  • Prior +26.8%
  • Purchase index 268.6 vs 278.4 prior
  • Market index 511.8 vs 529.8 prior
  • Refinancing index 1,888.8 vs 1,956.5 prior
  • 30-year mortgage rate 4.14% vs 4.12% prior

Headline measures the change in number of applications for mortgages backed by the MBA during the week. Mortgage activity declined slightly last week following a major boost in the week before – largely due to refinancing activity – and this comes as the long-term rate ticks up higher by a little.

Nonetheless, rates have fallen significantly over the past few months as the Fed moves away from its tightening cycle so let’s see if they will help out the housing market a little more in signaling any easing intentions later today.

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