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 7/16/08 For wk 7/11 2008 | ||||||||
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Highlights
MBA's purchase index edged down 1.7 percent to 359.7 in the July 11 week. The refinance index rose 6.9 percent to 1474.9. The average rate for a 30-year fixed mortgage edged down to 6.22 percent.
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