2008 U.S. Economic Events & Analysis
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MBA Purchase Applications
Definition
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 7/2/08 For wk 6/27 2008
Purchase Index - Level
 Actual 342.8  
 Previous 333.4  

Highlights
MBA's purchase index rose 2.8 percent to 342.8 in the June 27 week. The refinance index rose 4.7 percent to 1,269.2. The average rate for a 30-year fixed mortgage fell 6 basis points to 6.33 percent.


 
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