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