2018 Economic Calendar
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MBA Mortgage Applications  
Released On 7/4/2018 7:00:00 AM For wk6/29, 2018
PriorActual
Composite Index - W/W Change-4.9 %-0.5 %
Purchase Index - W/W Change-6.0 %1.0 %
Refinance Index - W/W Change-4.0 %-2.0 %

Highlights
Purchase applications for home mortgages rose a seasonally adjusted 1 percent in the June 29 week, but applications for refinancing continued their decline and were down 2 percent from the prior week. Unadjusted, purchase applications were 1.4 percent lower than a year ago and back in negative year-on-year territory after briefly dipping there in early June for the first time this year. The refinance share of mortgage activity fell 0.4 percentage points to 37.2 percent. Mortgage rates dropped in the week, with the average interest rate for 30-year fixed rate conforming mortgages ($453,100 or less) down 5 basis points from the prior week to 4.79 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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