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
| Released on 5/21/08 For wk 5/16 2008 | ||||||
| ||||||
Highlights
MBA's purchase index fell a steep 6.9 percent in the May 16 week to 352.5, under the four-week average of 363.1 in what is more bad news for the housing sector. The refinance index fell 8.7 percent to 2,210.5. Mortgage rates were little changed in the week.
powered by
![[Econoday]](../../../../../../../../../images/logo.gif){kind=logo}