Daenin Arnee
- MBA Mortgage Applications
- Composite Index: +1.4% vs. +1.6% a week ago.
- Purchase Index: +1.8% vs. +3.3% in the previous week.
- Refinance Index: +0.9% vs. -0.3% in the prior week.
- 30-year fixed-rate mortgages came in at 6.29%, compared to 6.43% last week.
- “Treasury yields have been responding to data showing a picture of cooling inflation, a slowing job market, and the anticipated first rate cut from the Federal Reserve later this month,” said Joel Kan, MBA’s vice president and deputy chief economist.
