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 6/18/08 For wk 6/13 2008 | ||||||||
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Highlights
MBA's purchase index fell 4.3 percent in the June 13 week to 360.2, a level near the four-week average of 355.7. The refinance index fell 15 percent to 1,378.6. Mortgage rates jumped in the week with 30-year fixed loans up about 30 basis points to 6.57 percent.
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