New data MBA Mortgage Market Index (Jan/31)
2/5/2025
actual 224.8, previous 220
The MBA Mortgage Market Index is a weekly report that measures the volume of mortgage loan applications in the United States. In this event, the index for the week ending on January 31st is reported at 224.8, showing an increase of 4.8 points from the previous week's value of 220. This indicates a 2.182% rise in mortgage loan applications.The MBA Mortgage Market Index is considered to have a low impact on the market as it provides insights into the current level of mortgage activity but may not significantly influence broader economic trends. An increase in the index suggests higher demand for mortgages, which could be driven by factors such as lower interest rates or increased home buying activity.
This is not investment advice. Remember to verify the information provided here.
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