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Highlights
The purchase index bounced back a bit in the January 24 week, up 2.0 percent but still down an unadjusted year-on-year 12.0 percent in what reflects weakness for non-cash home sales. The refinance index fell 2.0 percent in the week. A plus for both purchase and refinancing demand is an ongoing dip this month in mortgage rates as the average rate for conforming loans ($417,000 or less) fell 5 basis points in the week to 4.52 percent which is the lowest rate since November.
Source: Bloomberg
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Wednesday, 29 January 2014
US MBA Purchase Applications Data
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