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 4/16/08 For wk 4/11 2008 | ||||||||
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Highlights
The mortgage bankers' purchase index slipped 0.8 percent to 381.6, right at the four-week average of 381.5 to indicate very soft demand for housing. The refinance index rose 5.2 percent to 2,866.0. Rates slipped back in the week with 30-year fixed mortgages averaging 5.74 percent.
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