Mortgage Bankers Association (MBA)

The refinance share of mortgage activity increased to 30.7% of total applications

Job growth slowed to 315,000, but likely not enough to keep the Fed from raising rates later this month.

The review will include a series of listening sessions and regional roundtable discussions.

Refinance share of applications fell to 30.1%.

Mortgage volume down modestly in 2023

The Fed’s primary goal is to reduce inflation, although this may “bring some pain to households and businesses.”