MNI DATA IMPACT:US MBA Mkt Composite -3.3%,Refis -6% May 24 Wk

     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: kevin.kastner@marketnews.com

[TOPICS: MAUDS$,M$U$$$,MK$$$$,M$$MO$]