2017 Economic Calendar
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MBA Mortgage Applications  
Released On 9/27/2017 7:00:00 AM For wk9/22, 2017
PriorActual
Composite Index - W/W Change-9.7 %-0.5 %
Purchase Index - W/W Change-11.0 %3.0 %
Refinance Index - W/W Change-9.0 %-4.0 %

Highlights
The purchase index rebounded 3.0 percent following the prior week's unusually steep 11.0 percent loss, lifting the year-on-year rate a couple of percentage points to plus 4.0 percent. The index has been swinging sharply recently but the overall trend, despite low mortgage rates, is soft and hints at further trouble for a housing sector that is mostly stumbling into year end.

Other data include a second straight steep decline for the refinance index, down 4.0 percent in the week, which offset the gain on the purchase side to pull the composite down 0.5 percent in the week. The average rate for 30-year conforming mortgages rose 7 basis points in the week to 4.11 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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