2018 Economic Calendar
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MBA Mortgage Applications  
Released On 8/1/2018 7:00:00 AM For wk7/27, 2018
PriorActual
Composite Index - W/W Change-0.2 %-2.6 %
Purchase Index - W/W Change-1.0 %-3.0 %
Refinance Index - W/W Change1.0 %-2.0 %

Highlights
Purchase applications for home mortgages fell a seasonally adjusted 3 percent in the July 27 week, posting the third weekly decline in a row, while applications for refinancing declined 2 percent. Unadjusted, purchase applications were just 1 percent above the level in the same week a year ago. The refinance share of mortgage activity increased by 0.3 percentage points from the prior week to 37.1 percent. Interest rates resumed their climb, with the average interest rate for 30-year fixed rate conforming mortgages ($453,100 or less) rising 7 basis points from the prior week 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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