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 8/27/08 For wk 8/22 2008 | ||||||||
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Highlights
MBA's purchase index was little changed in the Aug. 22 at an extremely weak 315.9. The refinance index was also little changed at an extremely weak 1,038. Loan rates remain high with 30-year fixed mortgages averaging 6.44 percent.
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