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 3/5/08 For wk 2/29 2008 | ||||||||
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Highlights
MBA's purchase index was little changed in the Feb. 29 week at 363.1. The refinancing index rose slightly to 2,569.0. Multiple applications, tied to deterioration in the home lending market, have distorted this report and reduced its relevance as a signal for the housing market.
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