US MBA mortgage market data week ending 1 April 2016
– Mortgage market index 472.8 vs
– Purchase index 223.1 vs 228.6 prior
– Refi index 1906.0 vs 1784.7 prior
Purchases are still doing fine but we’re now seeing a shift to a more sideways move than the uptrend. It’s not a warning sign yet but we’ll keep watching.