- Purchase index 196.7 vs 159.2 prior
- Refi index 2245.8 vs 1349.3 prior
- 30 year mortgage rate 3.89% vs 4.01% prior
Wowsers! That’s a big jump across the board (except for the mortgage rate of course).
It’s a very strong read for the housing market but it could be that we’ve seen some early year enthusiasm after the holidays. I wouldn’t get carried away on this just yet but if we see a similar set of numbers next week that might point to decent gains in the monthly housing data and that’s potentially very bullish for the US.
US MBA purchase index 14 01 2015
US MBA mortgage market index 14 01 2015
