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 4/11/07 For wk 4/6 2007 | ||||||||
| ||||||||
Highlights
MBA's purchase index continues to hold steady, up 2.7 percent in the April 6 week to 413.8, right at the four-week average which is also steady, at 409.6. The levels point to much welcomed stability in the housing market. Loan rates remain favorable, at 6.16 percent for 30-year fixed mortgages. The refinancing index dipped 4.0 percent to 2,015 as refinancings made up 42.8 percent of total loans, down 1.7 percentage points in the week.
powered by
![[Econoday]](../../../../../../../../../images/logo.gif){kind=logo}