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  • Prior -6.0%
  • Market index 179.3 vs 178.2 prior
  • Purchase index 137.5 vs 136.6 prior
  • Refinance index 385.8 vs 384.6 prior
  • 30-year mortgage rate 7.67% vs 7.53% prior

After a sharp drop in mortgage applications in the week before, there is a mild bounce back in activity with both purchases and refinancing ticking a touch higher. The drop in rates this week will be welcome, after another 14 bps rise in the average rate of the most popular US home loan last week.

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