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From RPData, here is the weekly mortgage index:
After weeks of unusually sharp pull banks there was a tick higher last week. The pattern suggest a material slowing in price appreciation heading into Spring. How much of a slowdown will depend on whether the index tracks back to its highs into year end, which the typical seasonal pattern.
Full report here.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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