Post by maxi on Dec 12, 2012 11:37:25 GMT -5
From this mornings report
www.bloomberg.com/markets/economic-calendar/
2012 Economic Calendar
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Resource Center » Event Release Dates | Event Definitions | Today's Calendar
MBA Purchase Applications
Released On 12/12/2012 7:00:00 AM For wk12/7, 2012
Prior Actual
Composite Index - W/W Change 4.5 % 6.2 %
Purchase Index - W/W Change 0.1 % 1.0 %
Refinance Index - W/W Change 6.0 % 8.0 %
Highlights
Purchase applications are piling up, rising 1.0 percent in the December 7 week for the fifth straight gain in a streak that points to strength for underlying home sales. Refinancing applications rose even more strongly, surging 8.0 percent.
Low rates, being managed by the Federal Reserve, are a key factor behind the strength in mortgage activity. The average rate for 30-year conforming loans ($417,500 or less) fell a very steep five tenths in the week to a new record low of 3.47 percent. Watch for comments on mortgage rates and the strength of the housing market in today's FOMC statement and follow up press conference.
www.bloomberg.com/markets/economic-calendar/
2012 Economic Calendar
powered by
Resource Center » Event Release Dates | Event Definitions | Today's Calendar
MBA Purchase Applications
Released On 12/12/2012 7:00:00 AM For wk12/7, 2012
Prior Actual
Composite Index - W/W Change 4.5 % 6.2 %
Purchase Index - W/W Change 0.1 % 1.0 %
Refinance Index - W/W Change 6.0 % 8.0 %
Highlights
Purchase applications are piling up, rising 1.0 percent in the December 7 week for the fifth straight gain in a streak that points to strength for underlying home sales. Refinancing applications rose even more strongly, surging 8.0 percent.
Low rates, being managed by the Federal Reserve, are a key factor behind the strength in mortgage activity. The average rate for 30-year conforming loans ($417,500 or less) fell a very steep five tenths in the week to a new record low of 3.47 percent. Watch for comments on mortgage rates and the strength of the housing market in today's FOMC statement and follow up press conference.
