2018 Economic Calendar
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MBA Mortgage Applications  
Released On 6/27/2018 7:00:00 AM For wk6/22, 2018
PriorActual
Composite Index - W/W Change5.1 %-4.9 %
Purchase Index - W/W Change4.0 %-6.0 %
Refinance Index - W/W Change6.0 %-4.0 %

Highlights
Mortgage activity quieted in the June 22 week as purchase applications for home mortgages decreased from the prior week by a seasonally adjusted 6 percent while applications for refinancing were down by 4 percent. Unadjusted, purchase applications were 1 percent higher than in the same week a year ago, back in positive year-on-year territory after turning negative in the prior two weeks. The refinance share of mortgage activity rose by 0.8 percentage points to 37.6 percent. The average interest rate for 30-year fixed rate conforming mortgages ($453,100 or less) rose 1 basis point to 4.84 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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