Talking Points …
- Mortgage applications increased by 2.6 percent for the week ending Jan. 3, according to index ratings from the Mortgage Bankers Association (MBA).
- In addition, the MBA’s refinance index escalated 5 percent from the previous week after falling by 9 percent one week earlier. Comparatively, the purchase index dipped 1 percent from a week ago.
- Overall, the refinance share of mortgage activity maintained the same level at 63 percent of total applications.