2008 U.S. Economic Events & Analysis
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MBA Purchase Applications
Definition
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 7/9/08 For wk 7/4 2008
Purchase Index - Level
 Actual 365.8  
 Previous 342.8  

Highlights
MBA's purchase index rose 6.7 percent to 365.8 in the July 4 week. The refinance index rose 8.7 percent to 1,379.3. The average rate for a 30-year fixed mortgage rose 10 basis points to 6.43 percent.


 
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