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.
Wednesday, January 18, 2006
MBA Purchase Index
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.
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.