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.
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