RP Data leading mortgage index crashes

Monday 18 January 2016

Core Logic-RP Data’s leading mortgage index has been released and it is ugly. While it is normal for the index to register a fall in January, this year the fall is unseasonally large, as shown below:

RP Data describes its leading mortgage index as follows:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.