Refinance and purchase index vs 30 yr fixed mortgage charts
The dynamic charts on this page provide a clear, up-to-date view of how mortgage market trends impact consumers like homebuyers, homeowners, and real estate investors. They compare the Purchase Mortgage Index and Refinance Mortgage Index against the 30-Year Fixed Mortgage Rate, offering insights into how interest rate changes influence mortgage demand. For example, when rates drop, refinancing activity typically increases as homeowners seek to lower their monthly payments, potentially freeing up disposable income. On the other hand, shifts in the Purchase Index can indicate changes in homebuyer demand, helping you gauge market conditions. Data is sourced from Mortgage News Daily, based on the Mortgage Bankers Association's comprehensive Weekly Mortgage Applications Survey, which covers over half of U.S. residential mortgage applications.

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