2018 Economic Calendar
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MBA Mortgage Applications  
Released On 9/12/2018 7:00:00 AM For wk9/7, 2018
PriorActual
Composite Index - W/W Change-0.1 %-1.8 %
Purchase Index - W/W Change1.0 %1.0 %
Refinance Index - W/W Change-1.0 %-6.0 %

Highlights
Purchase applications for home mortgages rose a seasonally adjusted 1 percent in the September 7 week, putting the purchase index 4 percent above the level a year ago. But applications for refinancing fell 6 percent from the prior week to the lowest level since December 2000, with the refinance share of mortgage activity falling 1.8 percentage points to 37.8 percent. The average interest rate on 30-year fixed rate conforming mortgages ($453,100 or less) increased by 4 basis points to 4.84 percent. The week's results include adjustments for the Labor Day holiday.

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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