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US MBA mortgage applications w.e. 10 July +5.1% vs +2.2% prior

July 15, 2020 at 12:00PM

US MBA mortgage applications w.e. 10 July +5.1% vs +2.2% prior
Latest data from the Mortgage Bankers Association for the week ending 10 July 2020
–  +2.2%
– Market index 815.5 vs 775.9 prior
– Purchase index 305.4 vs 325.2 prior
The rise in the prior week was largely due to a surge in refinancing activity as purchases eased a little after hitting its highest level since 2009. The jump
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