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 8/20/08 For wk 8/15 2008 | ||||||||
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Highlights
MBA's weekly purchase index slipped 0.4 percent in the Aug. 15 week to 314.0 signaling deepening trouble for the housing sector. The refinance index also weakened, down 3.7 percent to 1,034.5. Mortgage rates remain high, averaging 6.47 percent for 30-year fixed loans.
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