2017 Economic Calendar
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MBA Mortgage Applications  
Released On 8/2/2017 7:00:00 AM For wk7/28, 2017
PriorActual
Composite Index - W/W Change0.4 %-2.8 %
Purchase Index - W/W Change-2.0 %-2.0 %
Refinance Index - W/W Change3.0 %-4.0 %

Highlights
Purchase applications for home mortgages fell a seasonally adjusted 2 percent in the July 28 week, while applications for refinancing fell 4 percent. Despite the weekly decline, the purchase index is up 9 percent from the level a year ago. The refinance share of mortgage activity decreased by 0.5 percentage points to 45.5 percent. Mortgage rates were steady in the week, with the average interest rate on 30-year fixed rate mortgages ($424,000 or less) remaining unchanged at 4.17 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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