2018 Economic Calendar
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MBA Mortgage Applications  
Released On 8/15/2018 7:00:00 AM For wk8/10, 2018
PriorActual
Composite Index - W/W Change-3.0 %-2.0 %
Purchase Index - W/W Change-2.0 %-3.0 %
Refinance Index - W/W Change-5.0 %0.0 %

Highlights
Purchase applications for home mortgages fell a seasonally adjusted 3 percent in the August 10 week, posting the fifth consecutive weekly decline in a row and taking the unadjusted purchase index to a level 3 percent lower than in the same week a year ago. Applications for refinancing remained unchanged from the previous week, with the refinance share of mortgage activity increasing by 1 percentage point to 37.6 percent. The average interest rate on 30-year fixed rate conforming mortgages ($453,100 or less) fell 3 basis points from the previous week to 4.81 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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