2017 Economic Calendar
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MBA Mortgage Applications  
Released On 8/9/2017 7:00:00 AM For wk8/4, 2017
PriorActual
Composite Index - W/W Change-2.8 %3.0 %
Purchase Index - W/W Change-2.0 %1.0 %
Refinance Index - W/W Change-4.0 %5.0 %

Highlights
Purchase applications for home mortgages rose a seasonally adjusted 1 percent in the August 4 week, while applications for refinancing increased by 5 percent. Unadjusted, the purchase index rose 0.3 percent in the week and was 7 percent higher than in the same week a year ago. The refinance share of mortgage activity rose 1.2 percentage points to 46.7 percent. Interest rates edged lower in the week, with the average interest rate on 30-year fixed rate mortgages ($424,100 or less) decreasing by 3 basis points to 4.14 percent. Consistently showing a strong year-on-year growth pace, purchase applications point to a solid housing market, driven by low mortgage rates and high employment levels.

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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