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 10/10/07 For wk 10/5 2007 | ||||||||
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Highlights
The mortgage bankers purchase index rose 2.1 percent to 420.2 with the four-week moving average down slightly to 425.6. These levels are stable and moderate but may be skewed higher by trouble in the mortgage market and the possibility that some applicants may be filing applications with multiple lenders.
The refinancing index rose 2.7 percent to 2003.2. The average rate for a 30-year fixed mortgage rose 8 basis points to 6.32 percent.
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