Prior +2.0% Market index 319.4 vs 358.9 prior Purchase index 225.0 vs 255.4 prior Refinancing index 826.9 vs 913.6 prior 30-year mortgage rate 5.49% vs 5.53% prior Mortgage activity in the US continues to take a big hit amid rising rates with the purchase index slumping to its weakest since May 2020 and the refinancing index dragged to its lowest since January 2019. This continues to suggest that there is a toll being exerted on the housing market even if prices are still yet to really cool down significantly. There’s a story to tell from the charts below: US dollar