2018 Economic Calendar
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MBA Mortgage Applications  
Released On 6/6/2018 7:00:00 AM For wk6/1, 2018
PriorActual
Composite Index - W/W Change-2.9 %4.1 %
Purchase Index - W/W Change-2.0 %4.0 %
Refinance Index - W/W Change-5.0 %4.0 %

Highlights
Purchase applications for home mortgages rose a seasonally adjusted 4 percent in the June 1 week. The increase broke a 5-week string of declines and put the unadjusted purchase index 9 percent above the level in the same week a year ago. Applications for refinancing also rose 4 percent from the previous week, increasing the refinancing share of mortgage activity by 0.3 percentage points to 35.6 percent. The average interest rate on 30-year fixed rate conforming mortgages ($453,100 or less) fell 9 basis points from the prior week to 4.75 percent. The week's results included an adjustment for the Memorial Day holiday.

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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