2017 Economic Calendar
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MBA Mortgage Applications  
Released On 4/12/2017 7:00:00 AM For wk4/7, 2017
PriorActual
Composite Index - W/W Change-1.6 %1.5 %
Purchase Index - W/W Change1.0 %3.0 %
Refinance Index - W/W Change-4.0 %0.0 %

Highlights
Purchase applications for home mortgages rose a seasonally adjusted 3 percent in the April 7 week, while applications for refinancing remained unchanged. Unadjusted, the purchase index rose 5 percent and was up 3 percent from the level in the same period last year. The refinance share of mortgage activity declined by another percentage point to 41.6 percent, the lowest level since September 2008. Mortgage rates fell during the week, with the average interest rate on 30-year fixed-rate conforming mortgages ($424,000 or less) down 6 basis points to 4.28 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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