on 1/8/03 for wk 1/3 2003
MBA Purchase Applications Index
Actual 376.2
The MBA purchase applications index increased 13.2 percent to a level of 376.2 in the week ended January 3. Today's decrease completely reverses the 7.5 percent decline from last week's report on purchase applications. Low mortgage rates caused the refinance index to show an increase of 29.1 percent; this was the third straight impressive gain. This report should be seen as positive for housing-related stocks.
Definition:
A weekly index of purchase applications at mortgage lenders. This is a leading indicator for single family home sales and housing construction.
MBA Purchase Applications Index
Actual 376.2
The MBA purchase applications index increased 13.2 percent to a level of 376.2 in the week ended January 3. Today's decrease completely reverses the 7.5 percent decline from last week's report on purchase applications. Low mortgage rates caused the refinance index to show an increase of 29.1 percent; this was the third straight impressive gain. This report should be seen as positive for housing-related stocks.
Definition:
A weekly index of purchase applications at mortgage lenders. This is a leading indicator for single family home sales and housing construction.
