2018 Economic Calendar
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MBA Mortgage Applications  
Released On 5/30/2018 7:00:00 AM For wk5/25, 2018
Composite Index - W/W Change-2.6 %-2.9 %
Purchase Index - W/W Change-2.0 %-2.0 %
Refinance Index - W/W Change-4.0 %-5.0 %

Purchase applications for home mortgages fell a seasonally adjusted 2 percent in the May 25 week. The fifth consecutive weekly decline shrank the year-on-year gain in purchase applications to 2 percent. Continuing to show greater sensitivity to higher interest rates, applications for refinancing decreased 5 percent from the prior week to the lowest level since December 2000, with the refinance share of mortgage activity declining to 35.3 percent. The average interest rate on 30-year fixed rate conforming mortgages ($453,100 or less) was 4.84 percent, down 2 basis points from the 7-year high set in the prior week.

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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