2018 Economic Calendar
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MBA Mortgage Applications  
Released On 5/9/2018 7:00:00 AM For wk5/4, 2018
PriorActual
Composite Index - W/W Change-2.5 %-0.4 %
Purchase Index - W/W Change-2.0 %-0.2 %
Refinance Index - W/W Change-4.0 %-1.0 %

Highlights
Purchase applications for home mortgages fell a seasonally adjusted 0.2 percent in the May 4 week, shrinking the unadjusted year-on-year gain to 3 percent. Applications for refinancing fell 1 percent from the previous week to their lowest level since October 2008, with the refinance share of mortgage activity decreasing by 0.2 percentage points to 36.3 percent, the smallest share since September 2008. The average interest rate on 30-year fixed rate conforming mortgages ($453,100 or less) fell 2 basis points from the previous week to 4.78 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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