2017 Economic Calendar
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MBA Mortgage Applications  
Released On 4/5/2017 7:00:00 AM For wk3/31, 2017
PriorActual
Composite Index - W/W Change-0.8 %-1.6 %
Purchase Index - W/W Change1.0 %1.0 %
Refinance Index - W/W Change-3.0 %-4.0 %

Highlights
Purchase applications for home mortgages rose a seasonally adjusted 1 percent in the March 31 week, but refinancing activity continued to decline, with applications for refinancing falling 4 percent in the week. Unadjusted, the purchase index increased 1 percent and was up a strong 8 percent from the level in the same period last year. The refinance share of mortgage activity fell 1.4 percentage points to to 42.6 percent, the lowest level since October 2008. The average interest rate on 30-year fixed-rate conforming mortgages ($424,000 or less) rose 1 basis point from the prior week to 4.34 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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