2018 Economic Calendar
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MBA Mortgage Applications  
Released On 3/7/2018 7:00:00 AM For wk3/2, 2018
Composite Index - W/W Change2.7 %0.3 %
Purchase Index - W/W Change6.0 %-1.0 %
Refinance Index - W/W Change-1.0 %2.0 %

As mortgage rates continued to edge higher, purchase applications for home mortgages fell a seasonally adjusted 1.0 percent in the March 2 week, shrinking the year-on-year gain of the unadjusted Purchase Index to just 1.0 percent. But applications for refinancing, which are usually even more sensitive to interest rates, increased by 2.0 percent from the previous week, with the refinancing share of mortgage activity remaining unchanged at 41.8 percent. The average interest rate on 30-year fixed rate conforming mortgages ($453,100 or less) rose 1 basis point to 4.65 percent, the highest level since January 2014. The previous week's results included an adjustment for the Presidents' Day holiday.

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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