2018 Economic Calendar
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MBA Mortgage Applications  
Released On 10/10/2018 7:00:00 AM For wk10/5, 2018
PriorActual
Composite Index - W/W Change0.0 %-1.7 %
Purchase Index - W/W Change0.1 %-1.0 %
Refinance Index - W/W Change-0.1 %-3.0 %

Highlights
Purchase applications for home mortgages fell a seasonally adjusted 1 percent in the October 5 week, taking the year-on-year unadjusted gain down 1 percentage point to 2 percent. Applications for refinancing decreased by 3 percent from the prior week, with the refinancing share of mortgage activity falling 0.4 percentage points to 39.0 percent. The average interest rate on 30-year fixed rate conforming mortgages ($453,100 or less) rose 9 basis points from the prior week to 5.05 percent, the highest level since February 2011.

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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