US MBA Purchase Index (Mar/13) 172.9
Newsquawk Staff ·
US MBA Purchase Index (Mar/13) 172.9.
What it means
The MBA Purchase Index coming in at 172.9 indicates a solid demand for mortgages despite the recent rate environment. A rise in this index generally suggests strengthening consumer confidence in the housing market, which could influence future Fed policy on rates as they assess the overall economic health and inflation trajectory.
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