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 7/18/07 For wk 7/13 2007 | ||||||||
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Highlights
Mortgage bankers' data indicate some slippage in mortgage applications with a 1.6 percent decrease in the July 13 week to 446.5. The four-week average declined 0.2 percent to 442.8. The average 30-year fixed mortgage rate slipped 4 basis points in the week to 6.61 percent.
Refinancing applications jumped 4.9 percent in the week to 1717.4 from 1636.9 the week before. Refinancings were 37.7 percent of total applications, up from 36.2 percent in the prior week.
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