2017 Economic Calendar
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MBA Mortgage Applications  
Released On 3/8/2017 7:00:00 AM For wk3/3, 2017
PriorActual
Composite Index - W/W Change5.8 %3.3 %
Purchase Index - W/W Change7.0 %2.0 %
Refinance Index - W/W Change5.0 %5.0 %

Highlights
Purchase applications for home mortgages rose a seasonally adjusted 2 percent in the March 3 week, while refinancing applications increased by 5 percent to the highest level since December. Unadjusted, the purchase index increased by 15 percent from the prior week and was up 4 percent from the same week a year ago. The refinance share of mortgage activity rose by 0.3 percentage points to 45.4 percent, a rare uptick in this reading which has been on a steady decline and fell to the lowest level since November 2008 in the previous week. The average interest rate on 30-year conforming mortgages ($424,000 or less) rose 6 basis points from the prior week to 4.36 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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