Rates Increase Slightly as Refinances Tail Off

The Mortgage Bankers Association weekly purchase activity index was unchanged, while the refinancing activity index decreased by 11%. Average reported rates for the prior week rose to 5.36% from 5.31% for 30-yr fixed mortgages.  Tomorrow, Jobless Claims will be released at 8:30 et, and there will be a 7-yr Treasury auction at 1:00 et.