The Mortgage Bankers Association Refinancing Index rose to 2195.7 for the week ending Jan. 9, an increase of about 25.1% versus the holiday adjusted level of 1755.4 the prior week.

This increase in the Refi Index is likely a result of the 5-to10 basis point decrease in weekly average mortgage rates, said Citigroup Global Markets in a report released this morning.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.