Prior +2.5% Market index 358.9 vs 351.8 prior Purchase index 255.4 vs 244.4 prior Refinancing index 913.6 vs 932.3 prior 30-year mortgage rate 5.53% vs 5.36% prior The average 30-year home loan rate in the US rose to its highest level since 2009 last week to 5.53% but that didn’t quite stop demand for mortgages, as applications ticked higher for a second week running. Despite the improvement in purchases on the week, it still doesn’t take away from the fact that the level is 8% lower than it was in the same week a year ago. The housing market continues to offer mixed signals with house prices still flashing double-digit annual price growth despite mortgage activity falling rather considerably since last year: US dollar
US MBA mortgage applications w.e. 6 May +2.0% vs +2.5% prior
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