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2025-10-29 19:07:08
[US Mortgage Applications Rebound Significantly Week-on-Week] ⑴ Data from the Mortgage Bankers Association shows that mortgage applications rose 7.1% week-on-week in the week ending October 24, compared to a 0.3% decrease in the previous week. ⑵ The Market Index rose to 338.7, up from 316.2 in the previous week. ⑶ The Home Purchase Index rose to 164.3, up from 157.3 in the previous week. ⑷ The Refinancing Index rose to 1327.8, up from 1214.7 in the previous week. ⑸ The 30-year mortgage rate fell to 6.30%, up from 6.37% in the previous week. ⑹ This data typically has a limited impact on the market; mortgage application volume is generally negatively correlated with mortgage rates.
