2008-01-09 MBA Mortgage Applications Purchasing Index

MBA Mortgage Applications (Jan 4)

Survey n/a
Actual 32.2%
Prior -11.6%
Revised n/a

As expected, purchase applications sprung back after the annual fall of in late Dec.

Markets were concerned this wouldn’t happen this year.

Refi index up indicates market functioning returning here as well.

30 year mtg rate down to 5.73% – way lower than August.