2016 Economic Calendar
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MBA Mortgage Applications  
Released On 2/17/2016 7:00:00 AM For wk2/12, 2016
PriorActual
Composite Index - W/W Change9.3 %8.2 %
Purchase Index - W/W Change0.2 %-4.0 %
Refinance Index - W/W Change16.0 %16.0 %

Highlights
Falling mortgage rates continue to drive refinancing applications sharply higher, up 16 percent for a second straight week. Purchase applications, up 30 percent year-on-year, are also being driven higher though they declined 4 percent in the latest week. The average rate for 30-year conforming loans ($417,000 or less) fell 8 basis points in the week to 3.83 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
 

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