US MBA Mortgage Refinance Index (Feb/20) 1432.9 (Prev. 1375.9, Rev. From 1375.9)
Newsquawk Staff ·
US MBA Mortgage Refinance Index (Feb/20) 1432.9 (Prev. 1375.9, Rev. From 1375.9)
What it means
The latest MBA Mortgage Refinance Index shows an improvement, rising to 1432.9 from a previous level of 1375.9, confirming underlying strength in the refinancing market. This increase suggests that lower mortgage rates may be spurring borrower activity, which could contribute positively to household financial stability and spending, impacting broader economic conditions and potentially influencing future monetary policy.
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