2017 Economic Calendar
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MBA Mortgage Applications  
Released On 3/22/2017 7:00:00 AM For wk3/17, 2017
PriorActual
Composite Index - W/W Change3.1 %-2.7 %
Purchase Index - W/W Change2.0 %-2.0 %
Refinance Index - W/W Change4.0 %-3.0 %

Highlights
Purchase applications for home mortgages fell a seasonally adjusted 2 percent in the March 17 week, while applications for refinancing decreased by 3 percent. Unadjusted, the purchase index fell 2 percent from the previous week but was up 5 percent from the level in the same period last year. The refinance share of mortgage activity resumed its decline, falling 0.5 percentage points to 45.1 percent, the lowest level since November 2008. The average interest rate on 30-year conforming mortgages ($424,000 or less) remained unchanged from the previous week at 4.46 percent, the highest rate since April 2014.

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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