US MBA mortgage applications w.e. 12 February -5.1% vs -4.1% prior


Latest data from the Mortgage Bankers Association for the week ending 12 February 2021

Latest data from the Mortgage Bankers Association for the week ending 12 February 2021
  • Market index 892.6 vs 904.4 prior
  • Purchase index 299.5 vs 318.8 prior
  • Refinancing index 4,337.0 vs 4,549.2 prior
  • 30-year mortgage rate 2.98% vs 2.96%

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The key drop comes from yet another dip in purchasing activity with refinancing activity also seen declining once again in the past week. That points to some moderation in housing market activity though it will be interesting to see how that develops as rates are likely to climb further in the coming weeks.



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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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