US MBA Mortgage Market Index (Jan/16) 397.2 (Prev. 348.0, Rev. From 348)
Newsquawk Staff ·
US MBA Mortgage Market Index (Jan/16) 397.2 (Prev. 348.0, Rev. From 348)
What it means
The MBA Mortgage Market Index for January 16 shows a substantial increase to 397.2, revised up from 348.0. This uptick suggests a recovery in mortgage applications, which could indicate greater consumer confidence and potentially signal improving housing market conditions, impacting future interest rate decisions if the trend continues.
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