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 5/28/08 For wk 5/23 2008 | ||||||||
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Highlights
MBA's purchase index was little changed in the May 23 week at 352.7, lifting the four-week average slightly to 366.2. The refinance index rose 8.9 percent to 2,013.5 with refinancing making up 46.1 percent of all applications. Mortgage rates moved up in the week with 30-year fixed loans rising 6 basis points to 5.96 percent.
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