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 8/8/07 For wk 8/3 2007 | ||||||||
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Highlights
The mortgage bankers' purchase index popped back in the Aug. 3 week, up 7.4 percent to 447.4. The index had been slipping in prior weeks, but lower mortgage rates may be helping. The average 30-year fixed loan fell 9 basis points in the week to 6.41 percent. The refinancing index rose 9.1 percent to 1,881.1.
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