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 2/20/08 For wk 2/15 2008 | ||||||||
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Highlights
MBA's purchase index fell 11.5 percent in the Feb. 15 week to 357.6. The refinancing index fell 27.9 percent to 3533.8. Multiple applications, tied to deterioration in the home lending market, continue to badly skew the data in this report.
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