US MBA Purchase Index (Feb/20) 149.7 (Prev. 157.1)
Newsquawk Staff ·
US MBA Purchase Index (Feb/20) 149.7 (Prev. 157.1)
What it means
The decline in the US MBA Purchase Index from 157.1 to 149.7 indicates a weakening trend in mortgage applications, which could signal softer housing market activity. This drop may influence perceptions about consumer confidence and spending, potentially impacting future monetary policy considerations as the Fed monitors housing services as part of inflation metrics.
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