MBA Purchase Applications

Why do investors care about this information?  The Mortgage Banker’s 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.  

This provides a guage of not only the demand for housing, but economic momentum.  People have to be feeling pretty comfortable and confident in their own financial position to buy a house. 

If it is up big, then the recent rally could have legs!

 

Posted on Tuesday, July 21st, 2009 at 5:02 pm. You can skip to the end and leave a response. Pinging is currently not allowed.

"Greg Gilbert and James Simos" are registered representatives of FINRA member firm, "Infinity Financial Services."

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