2018 Economic Calendar
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MBA Mortgage Applications  
Released On 5/16/2018 7:00:00 AM For wk5/11, 2018
Composite Index - W/W Change-0.4 %-2.7 %
Purchase Index - W/W Change-0.2 %-2.0 %
Refinance Index - W/W Change-1.0 %-4.0 %

Purchase applications for home mortgages fell a seasonally adjusted 2 percent in the May 11 week, while the unadjusted year-on-year gain rose 1 percentage point from the prior week to 4 percent. Applications for refinancing fell 4 percent from the previous week to the lowest level since August 2008, taking the refinance share of mortgage activity down 0.4 percentage points to 35.9 percent. The average interest rate on 30-year fixed rate conforming mortgages ($453,100 or less) decreased by 1 basis point from the prior week to 4.77 percent.

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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