- Purchase index 171.7 vs 172.9 prior
- Refi index 1502.4 vs 1358.0 prior
- 30 year mortgage rate 4.20% vs 4.30% prior
A big jump in mortgage refinancing could suggest that people are starting to lock in deals ahead of Fed rate hikes. We’ll need to keep watch to see if this is the start of sustained run up rather than just a one off.
US MBA refinance index 15 10 2014
