Prior +8.5%Market index 496.5 vs 502.5 priorPurchase index 269.5 vs 267.6 priorRefinancing index 1,778.3 vs 1,829.7 prior30-year mortgage rate 4.27% vs 4.09% priorThe drop comes as the 30-year rate rises to its highest since May 2019, as refinancing activity is marked lower and offsetting the slight