US MBA mortgage applications w.e. 8 January +16.7% vs +1.7% prior
Latest data from the Mortgage Bankers Association for the week ending 8 January 2021
- Market index 965.2 vs 827.2 prior
- Purchase index 338.9 vs 313.8 prior
- Refinancing index 4,706.3 vs 3,917.6 prior
- 30-year mortgage rate 2.88% vs 2.86% prior
That is a major jump in mortgage activity to start the new year, with both purchases and refinancing seeing a significant boost. Again, this just reaffirms that the US housing market continues to hold up rather strongly in light of the virus crisis.
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