Latest data from the Mortgage Bankers Association for the week ending 10 January 2019
- Prior +13.5%
- Purchase index 303.9 vs 263.2 prior
- Market index 613.6 vs 471.3 prior
- Refinancing index 2,444.7 vs 1,713.7 prior
- 30-year mortgage rate 3.87% vs 3.91% prior
The big swing here comes amid a spike in refinancing activity once again, although purchases are also higher this time around so that is also helping to give a boost to overall mortgage activity in general.
The long-term rate eases a little but remains just under 4%, not going anywhere as rates remain steady amid the Fed keeping policy on hold.
