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 5/14/08 For wk 5/9 2008 | ||||||||
| ||||||||
Highlights
The Mortgage Bankers Association's purchase index slipped slightly in the May 9 week to 378.5, while the refinancing index rose slightly to 2,422.1. MBA's data have been badly distorted throughout the credit squeeze by multiple applications. Mortgage rates came down in the week with 30-year fixed loans averaging 5.82 percent, down 9 basis points from the prior week.
powered by
![[Econoday]](../../../../../../../../../images/logo.gif){kind=logo}