Industry News
Mortgage Industry News
MBA Refinance Applications Up Again This Week
07/26/2017
Treasury prices leveled off overnight after yesterday’s sharp selloff. Overseas activity was uneventful and data the US calendar is somewhat busy ahead of this afternoon’s FOMC Meeting Announcement. The June New Home Sales Report is due out at 10AM ET followed by the latest petroleum inventories report. Earlier this morning the Weekly MBA Mortgage Applications Index posted a small 0.4% increase in overall applications. Refinances picked up +3.0% but this was mostly offset by a -2.0% decrease in purchase activity. Currently, the 10yr yield is at 2.331%.
