2018 Economic Calendar
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MBA Mortgage Applications  
Released On 4/4/2018 7:00:00 AM For wk3/30, 2018
PriorActual
Composite Index - W/W Change4.8 %-3.3 %
Purchase Index - W/W Change3.0 %-2.0 %
Refinance Index - W/W Change7.0 %-5.0 %

Highlights
Purchase applications for home mortgages fell a seasonally adjusted 2 percent in the March 30 week, shrinking the year-on-year gain in the Purchase Index by 3 percentage points to 5 percent. Refinancing applications fell 5 percent in the week, pulling down the refinance share of mortgage activity by 0.9 percentage points to 38.5 percent, the lowest level since September 2008. The average interest rate on the 30-year fixed rate conforming mortgages ($453,100 or less) remained unchanged at 4.69 percent. Despite the weekly decline, purchase applications continue to show solid year-on-year gains and point to housing market strength.

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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