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     WASHINGTON (MNI) - The Mortgage Bankers Association Wednesday reported a
pull-back in mortgage activity in the May 24 week, with activity down 3.3%
despite mortgage rates holding steady.
     Here are some of the key features of the report:
     - The Refinance Index fell by 6%, while the Purchase Index fell by 1% in
the current week. 
     - The 30-year average rate for a 30-year fixed mortgage held-steady at
4.33% in the current week, remaining at its lowest point since January 2018. 
     - The unadjusted purchasing index was up 7% from a year earlier. 
--MNI Washington Bureau; tel: +1 202-371-2121; email:
[TOPICS: MAUDS$,M$U$$$,MK$$$$,M$$MO$]

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