US MBA mortgage market data week ending 12 February 2016

  • Mortgage market index 544.9 vs 503.6 prior
  • Purchase index 213.3 vs 221.6 prior
  • Refi index 2456.7 vs 2117.2 prior
  • 30yr mortgage rate 3.83% vs 3.91% prior

Refinancing has taken off in the early part of the year. There may be some seasonality to that but also some locking in after the Fed stepped onto the hike path.

US MBA refinancing index