MBA mortgage applications dip 1% as refinance slips 2%
Refinance index fell 2% and purchase activity is 5% below last year
Refinance index fell 2% and purchase activity is 5% below last year
BELLINGS Intelligence Score: 12
Why it matters
The 1% dip in MBA mortgage applications and 2% decline in refinance activity represent routine fluctuations in housing finance demand without novel structural implications or systemic impact.
Sources
HousingWire
MBA mortgage applications dip 1% as refinance slips 2%
Refinance index fell 2% and purchase activity is 5% below last year