2009 Economic Calendar
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MBA Purchase Applications
Released on 8/26/2009 7:00:00 AM For wk8/21, 2009
Actual
Purchase Index - W/W Change1.0 %

Highlights
MBA's purchase index rose 1.0 percent in the Aug. 21 week boosted solely by the what the report said is increased demand for government loans. The gain marks the fourth straight for the longest streak since March. MBA is not providing index levels. The refinance index rose 12.7 percent for a third straight gain. Mortgage rates moved higher in the week with 30-year loans up 9 basis points to an average 5.24 percent.

Definition
The Mortgage Bankers' Association compiles various mortgage loan indexes. The purchase applications index measures applications at mortgage lenders. This is a leading indicator for single-family home sales and housing construction.  Why Investors Care
 

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