Mortgage and Housing Data

[Mardochee Pierre]

2015 Economic Calendar powered by U.S. & Intl Recaps | Event Definitions | Today's Calendar MBA Mortgage Applications Released On 3/25/2015 7:00:00 AM For wk3/20, 2015 Highlights Low rates are finally starting to raise demand for mortgage applications, both for purchase applications, up 5.0 percent in the March 20 week, and refinancing applications which surged 12.0 percent. The gain in purchase applications, now up a respectable 3.0 percent year-on-year, is especially good news and points to gains for home sales. Rates moved substantially lower in the week with the average 30-year loan for conforming balances ($417,000 or less) down a very steep 9 basis points to 3.90 percent. 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