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 6/11/08 For wk 6/6 2008 | ||||||||
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Highlights
MBA's purchase index swung back higher in the June 6 week, up 13 percent to 376.2 and well above the four-week average of 353.8. The refinancing index also swung higher, up more than 8 percent to 1,622.1. Mortgage rates rose in the week with 30-year fixed loans up an average 7 basis points to 6.24 percent.
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