2017 Economic Calendar
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MBA Mortgage Applications  
Released On 10/11/2017 7:00:00 AM For wk10/6, 2017
PriorActual
Composite Index - W/W Change-0.4 %-2.1 %
Purchase Index - W/W Change1.0 %-0.1 %
Refinance Index - W/W Change-2.0 %-4.0 %

Highlights
After 2 straight weeks of strength, the purchase index came in flat in the October 6 week at a 0.1 percent dip. Yet the year-on-year rate improved 2 percentage points to a very solid 7.0 percent rate in what is a positive signal for underlying home sales. Refinancing activity continued its extended slide, down a weekly 4.0 percent and, at 49 percent, is below purchasing applications as a share of total activity. Rates remain low but did climb in the week, up 4 basis points for 30-year fixed mortgages to 4.16 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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