2017 Economic Calendar
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MBA Mortgage Applications  
Released On 11/15/2017 7:00:00 AM For wk11/10, 2017
PriorActual
Composite Index - W/W Change0.0 %3.1 %
Purchase Index - W/W Change1.0 %0.4 %
Refinance Index - W/W Change-1.0 %6.0 %

Highlights
Purchase applications for home mortgages rose a seasonally adjusted 0.4 percent in the November 10 week, a marginal increase that, however, put the purchase index a sharp 17 percent above its year ago level. Applications for refinancing rose 6.0 percent in the week, taking the refinancing share of mortgage activity to 51.3 percent, 1.3 percentage points more than in the prior week and the highest share since September. Mortgage rates were steady, with the average interest rate on 30-year fixed-rate mortgages ($424,100 or less) remaining unchanged at 4.18 percent. The strong year-on-year gain in purchase applications continues to point to future strength in underlying home sales.

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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