2018 Economic Calendar
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MBA Mortgage Applications  
Released On 2/14/2018 7:00:00 AM For wk2/9, 2018
Composite Index - W/W Change0.7 %-4.1 %
Purchase Index - W/W Change0.0 %-6.0 %
Refinance Index - W/W Change1.0 %-2.0 %

Amid rising interest rates, purchase applications for home mortgages fell by a seasonally adjusted 6.0 percent in the February 9 week. Unadjusted, the year-on-year gain in the volume of purchase applications fell 4.0 percentage points to 4.0 percent. Applications for refinancing fell just 2.0 percent in the week, putting the refinancing share of mortgage applications up 0.1 percentage points to 46.5 percent. Mortgages rates rose to the highest level since January 2014, with the average interest on 30-year fixed rate conforming mortgages ($453,100 or less) up 8 basis points from the prior week to 4.57 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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