2018 Economic Calendar
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MBA Mortgage Applications  
Released On 10/17/2018 7:00:00 AM For wk10/12, 2018
PriorActual
Composite Index - W/W Change-1.7 %-7.1 %
Purchase Index - W/W Change-1.0 %-6.0 %
Refinance Index - W/W Change-3.0 %-9.0 %

Highlights
The highest interest rates in over 7 years took their toll on mortgage activity in the October 12 week, with purchase applications for home mortgages falling a seasonally adjusted 6 percent while applications for refinancing fell 9 percent. Despite the sizable seasonally adjusted decline, unadjusted purchase applications remained 2 percent higher than in the same week a year ago. The refinance share of mortgage activity decreased by 0.9 percentage points to 38.1 percent. After jumping 9 basis points in the previous week, the average interest rate on 30-year fixed rate conforming mortgages ($453,100 or less) rose another 5 basis points to 5.10 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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