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Wednesday, January 18, 2006

MBA Purchase Index

by Calculated Risk on 1/18/2006 05:11:00 PM

In my earlier post I plotted the weekly Mortgage Bankers Association (MBA) Market and Purchase indices since last June. It appears that the purchase activity has weakened a little over the last 6 months.

Click on graph for larger image.

The graph on the right is of the Purchase Index for the 3rd week in January for each of the last 9 years.

This clearly shows that purchase activity is still at a very high level according to the MBA.