Mortgage Bankers' Association weekly applications survey
TLT•The MBA's seasonally adjusted market mortgage applications index rose 3.4% week over week to 195.0; the average 30-year mortgage rate fell 4 basis points to 7.37%.
1. Weekly applications
The MBA's seasonally adjusted market mortgage applications index rose 3.4% from the prior week to 195.0. The purchase index increased 3.8% to 134.1, while the refinance index rose 2.7% to 516.8. The average 30-year mortgage rate fell 4 basis points to 7.37%.
2. Survey coverage
The survey covers over 75% of U.S. retail residential mortgage applications and has been conducted weekly since 1990.
