Weekly US MBA mortgage market report w/e 15 January 2016

  • Mortgage index 434.5 vs 398.5 prior
  • Purchase index 227.3 vs 231.1 prior
  • Refi index 1638.1 vs 1380.4 prior
  • 30yr mortgage rate 4.06% vs 4.12% prior

Refinancing takes a big jump in the second week of the new year

Later today we kick of the run of the main US housing numbers for December