US MBA mortgage approvals w.e. 10 January +30.2% vs +13.5% prior

Author: Justin Low | Category: News

Latest data from the Mortgage Bankers Association for the week ending 10 January 2019

  • 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.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose