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 4/9/08 For wk 4/4 2008 | ||||||||
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Highlights
MBA's purchase index rose in the April 4 week, up 8 percent but to a still weak 384.7. The refinancing index rose slightly to 2,724.7. Loan rates rose in the week with 30-year fixed mortgages averaging 5.78 percent for a 3 basis point gain.
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