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 8/29/07 For wk 8/24 2007 | ||||||||
| ||||||||
Highlights
The mortgage bankers' purchase index fell 4.0 percent to 424.0 in the Aug. 24 week, but the significance of recent readings have been clouded by the upheaval in the subprime mortgage market and closure of originators in the sample. The refinance index dropped 4.2 percent in the week to 1,729.6. The average for conventional 30-year fixed mortgages fell 8 basis points to 6.41 percent, though the average for one-year adjustable mortgages rose 67 basis points in the week to 6.51 percent.
powered by
![[Econoday]](../../../../../../../../../images/logo.gif){kind=logo}