2018 Economic Calendar
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MBA Mortgage Applications  
Released On 6/20/2018 7:00:00 AM For wk6/15, 2018
PriorActual
Composite Index - W/W Change-1.5 %5.1 %
Purchase Index - W/W Change-2.0 %4.0 %
Refinance Index - W/W Change-2.0 %6.0 %

Highlights
The June 15 week was an active one for mortgage bankers as the purchase index rose a solid 4.0 percent and the refinance index 6.0 percent. Despite the jump in the purchase index, its year-on-year rate remains in the negative column for a second straight week, at minus 1.0 percent. Turning back to refinancing, the outsized gain increased the share of mortgage activity to 36.8 percent of total applications vs 35.6 percent in the previous week. The average rate for 30-year fixed mortgages with conforming balances ($453,100 or less) was unchanged at 4.83 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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