Latest Mortgage Bankers Association data for the week ending June 7, 2019
- Previous + 1.5%
- Purchase index 278.4 vs.. 253.1 Previous
- Market Index 529.8 vs.. 417.8 Previous
- Refinancing Index 1,956.5. 1,335.6 previous
- 30-year mortgage rate 4.12% versus 4.23% previous
The headline measures the change in the number of mortgage applications supported by the MBA during the week. This is a notable leap in time as mortgage applications have risen to their highest levels since September 201
Refinancing activity has been expanded to 1.956,5, the highest level since November 2016, accounting for 49.8% of mortgage applications last week. MBA notes that the increase is also supported by the fact that some homeowner borrowing costs have fallen to their lowest levels in nearly two years.