2018 Economic Calendar
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MBA Mortgage Applications  
Released On 5/2/2018 7:00:00 AM For wk4/27, 2018
PriorActual
Composite Index - W/W Change-0.2 %-2.5 %
Purchase Index - W/W Change0.0 %-2.0 %
Refinance Index - W/W Change-0.3 %-4.0 %

Highlights
Purchase applications for home mortgages fell a seasonally adjusted 2 percent in the April 27 week, pulling down the year-on-year unadjusted gain to 5 percent. Applications for refinancing fell 4 percent, taking the refinance share of mortgage activity down 0.7 percentage points from the prior week to 36.5 percent, the lowest level since September 2008. Mortgage rates rose to the highest level since September 2013, with the average interest rate on 30-year fixed-rate conforming mortgages ($453,100 or less) up 7 basis points from the previous week to 4.80 percent.

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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