- MBA Mortgage Applications
- Composite Index: -1.6% vs. +7.1% a week ago.
- Purchase Index: -1.2% vs. +4.7% in the previous week.
- Refinance Index: -2.5% vs. +12.2% in prior week.
- 30-year fixed-rate mortgages came in at 6.97%, compared to 6.84% last week
- Applications for a mortgage to purchase a home fell 1% for the week and were 14% lower than the same week one year ago.
- Applications to refinance a home loan, which are most sensitive to weekly rate changes, fell 3% compared with the previous week and were also 3% lower than the same week one year ago.