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 4/2/08 For wk 3/28 2008 | ||||||||
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Highlights
MBA's purchase index swung back lower in the March 28 week, down 12 percent to 356.0 and pushing down the four-week average to 373.4. The refinancing index swung 38 percent lower to 2,636.0. Loan rates were stable in the week with 30-year fixed mortgages averaging 5.75 percent.
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