2018 Economic Calendar
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MBA Mortgage Applications  
Released On 4/18/2018 7:00:00 AM For wk4/13, 2018
PriorActual
Composite Index - W/W Change-1.9 %4.9 %
Purchase Index - W/W Change-2.0 %6.0 %
Refinance Index - W/W Change-2.0 %4.0 %

Highlights
Purchase applications for home mortgages rose a seasonally adjusted 6 percent in the April 13 week, pulling the unadjusted Purchase Index up sharply to a level 10 percent higher than in the same week a year ago. Applications for refinancing increased 4 percent from the previous week, putting the refinance share of total mortgage activity at 37.6 percent, its lowest level since September 2008. The average interest rate on 30-year fixed-rate conforming mortgages ($453,100 or less) remained unchanged at 4.66 percent. The week's sharp pickup in mortgage activity shows buyers returning after a two-week lull and may point to a resumption of strong demand in the housing market.

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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