Latest data from the Mortgage Bankers Association for the week ending 5 January 2018
- Purchase index 242.7 vs 236.9 prior
- Market index 390.2 vs 368.6 prior
- Refinancing index 1,259.2 vs 1,151.9 prior
- 30-year mortgage rate 4.23% vs 4.25% prior
Headline measures the change in number of applications for mortgages backed by the MBA during the week.
Prior mortgage applications for w.e. 29 December was revised to -1.6%. A strong reading in one of the first few housing data points as we start off 2018. Market and refinancing indices both rose as well.
Not one that's going to change things today. The theme in markets is still dollar weakness on the back of earlier comments by Chinese officials that they recommended to slow down or halt purchases of US Treasuries.
