Free Trial

US DATA IMPACT:MBA Mkt Composite -4.3%,Refis -5% April 26 Wk

     WASHINGTON (MNI) - The Mortgage Bankers Association Wednesday reported a
further pull back in mortgage activity in the April 26 week, with activity down
4.3% as mortgage rates ticked up slightly.
     Here are some of the key features of the report:
     - The Refinance Index fell by 5%, while the Purchase Index fell by 4% for
the second straight week. 
     - The 30-year average rate for a 30-year fixed mortgage fell to 4.42% in
the current week from 4.46% in the previous week. There were declines for jumbo,
FHA, and 15-year mortgages as well.  
     - The unadjusted purchasing index was up only 1% from a year earlier, so
there has been only modest improvement over the last year.
--MNI Washington Bureau; tel: +1 202-371-2121; email: kevin.kastner@marketnews.com
[TOPICS: MAUDS$,M$U$$$,MK$$$$,M$$MO$]

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.