2017 Economic Calendar
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MBA Mortgage Applications  
Released On 2/8/2017 7:00:00 AM For wk2/3, 2017
PriorActual
Composite Index - W/W Change-3.2 %2.3 %
Purchase Index - W/W Change-6.0 %2.0 %
Refinance Index - W/W Change-1.0 %2.0 %

Highlights
Purchase applications for home mortgages rose a seasonally adjusted 2.0 percent in the February 3 week, putting the unadjusted purchase index 9 percent higher than in the previous week and 4 percent above the level in the same week a year ago. Though applications for refinancing also rose 2.0 percent in the week, the refinancing share of mortgage activity fell 1.5 percentage points to 47.9 percent, the lowest level since June 2009. The average interest rate on 30-year fixed rate conforming mortgages ($424,000 or less) fell 4 basis points to 4.35 percent. Continuing strength in the volume of purchase applications points to increases in impending home sales.

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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