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 8/13/08 For wk 8/8 2008 | ||||||||
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Highlights
MBA's purchase index was unchanged in the Aug. 8 week at a very weak 315.2 that indicates very thin interest in home loans. Interest in refinancing is also very thin with the refinance index down 4.2 percent to 1,074.6. Stubbornly high mortgage rates are not helping to stimulate demand with 30-year fixed loans up 16 basis points in the week at 6.57 percent.
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