Latest data from the Mortgage Bankers Association for the week ending 24 January 2019
- Prior -1.2%
- Purchase index 313.7 vs 297.8 prior
- Market index 649.8 vs 606.2 prior
- Refinancing index 2,581.2 vs 2,401.5 prior
- 30-year mortgage rate 3.81% vs 3.87% prior
A decent increase in mortgage activity on the week as the US housing market continues to move along decently. The long-term rate eases lower and that should be comforting to prospective home owners at least.
