US MBA mortgage applications w.e. 15 January -1.9% vs +16.7% prior

Latest data from the Mortgage Bankers Association for the week ending 15 January 2021
–  +16.7%
– Market index 946.8 vs 965.2 prior
– Refinancing index 4,484.2 vs 4,706.3 prior
The drop in the overall market index comes from a larger decline in refinancing activity, meanwhile purchases surged higher once again as the housing market continues to keep more