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MBA Purchase Applications

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Definition of 'MBA Purchase Applications'

MBA stands for the Mortgage Bankers' Association. This association manages a number of loan indexes of which the purchase applications index is one. This index measures the number of applications there have been for mortgages. If mortgage applications are on the rise then this will indicate that the number of homes (existing and new) is also likely to rise in the near future. As such, this index is a leading indicator for home sales and construction of single-family homes.

The latest value for this index is released every Wednesday and covers the week to the end of the previous Friday.

Check the Economic Events Calendar to see if this or other announcements are taking place in the next 5 days.

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