Posted by Sada Mosler on March 19th, 2008
MBAVPRCH Index (Mar 14)
Leveling off at 2003 levels, which corresponds to housing starts well over 1.5 million.
Also, this is a seasonally adjusted number, so as it stays level at current levels it corresponds to the typical spring increases in sales.
Still way above recession levels of the past, and mtg bankers have lost market share to the banks as well.
MBAVREFI Index (Mar 14)
Refi activity remains moderate.