General World News

We just had the strongest refi week in months

Mortgage applications increased 2.2% on a seasonally adjusted basis from last week, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending January 31, 2025.

On an unadjusted basis, the index measuring applications increased 19% compared with the previous week. The refinance index increased 12% from the previous week and was 17% higher compared to the same week one year ago.

The seasonally adjusted purchase index decreased by 4% from one week earlier while the unadjusted purchase index increased 15% compared with the previous week. Year over year, the unadjusted purchase index was 0.2% details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com