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 9/24/08 For wk 9/19 2008 | ||||||||
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Highlights
A pop back higher in mortgage rates made for a dip back in mortgage applications during the Sep. 19 week. Applications soared in the three prior weeks as mortgage rates plunged but purchase applications fell 10.0 percent in the latest week to 342.2 with refinancing applications down 11.2 percent to 2,043.4. Loan rates rose across the board with 30-year fixed mortgages up 26 basis points in the week to an avearge 5.84 percent. Existing homes data for August will be released at 10:30 a.m. ET.
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