Mr. Blues? MBA Mortgage Purchase Applications Rise +3.21% WoW

With all the bad news out there thanks to the Covid-19 such as crude crashing to around $10 per barrel, it is always good to get some good economic news. No more Mr. Blues … for at least the mortgage market for last week.

MBA mortgage purchase applications rising 3.21% WoW.

mbastatsup

The US is still on lockdown, but at least MBA mortgage purchase application rose last week 3.21% WoW.

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The MBA applications index is a survey, so 7+7 doesn’t necessarily equal 14. 

Let’s see what the little Fed book has to say about interest rates this week.

littlefedbook