2017 Economic Calendar
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MBA Mortgage Applications  
Released On 11/29/2017 7:00:00 AM For wk11/24, 2017
PriorActual
Composite Index - W/W Change0.1 %-3.1 %
Purchase Index - W/W Change5.0 %2.0 %
Refinance Index - W/W Change-5.0 %-8.0 %

Highlights
Purchase applications for home mortgages rose by a seasonally adjusted 2 percent in the November 24 week, while applications for refinancing declined sharply again, falling 8 percent from the previous week to their lowest level since January. Without seasonal and Thanksgiving holiday adjustments, the purchase index fell 32 percent from the prior week, but its year-on-year gain nevertheless increased by 2.0 percentage points to 6 percent. The refinancing share of mortgage activity fell 1.2 percentage points to 48.7 percent. Mortgage rates were steady, with the average interest rate on conforming 30-year fixed-rate mortgages ($424,100 or less) remaining unchanged from the prior week at 4.20 percent. The fourth consecutive weekly gain in purchase applications shows home-buyers quite active and adds to evidence of growing strength in the housing market during the fourth quarter.

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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