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.
Do you have a trading or investing definition for our dictionary? Click the
Create Definition link to add your
own definition. You will earn 25
bonus reputation points for each definition that is accepted.
Is this definition wrong? Let us know by posting to the forum
and we will correct it.
Don't lose this free content. If you're receiving value from this site then donate to help support the costs of running the server.
Make a recurring donation of only $29/month and get access to all our premium features. (Premium membership is only $29/month and gives you access to all our premium features.)