2013 Economic Calendar
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MBA Mortgage Applications  
Released On 9/4/2013 7:00:00 AM For wk8/30, 2013
PriorActual
Composite Index - W/W Change-2.5 %1.3 %
Purchase Index - W/W Change2.0 %-0.4 %
Refinance Index - W/W Change-5.0 %2.0 %

Highlights
Mortgage rates are down and refinancing is up, at least for the week of August 30 as the refinancing index, which has been depressed since rates began to rise in May, rose 2.0 percent. The average 30-year fixed mortgage rate for conforming balances ($417,500 or less) fell 7 basis points to 4.73 percent. The drop, however, didn't help demand for the less depressed purchase applications index which edged 0.4 percent lower.

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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