US MBA mortgage applications w.e. 29 May -3.9% vs +2.7% prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 29 May 2020
– +2.7%
– Market index 717.7 vs 746.5 prior
– Purchase index 296.0 vs 281.2 prior
The drop mainly stems from a reduction in refinancing activity, but amid the low rates seen at the moment we have seen purchasing activity even rise to match

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