MBA Mortgage Applications
a.k.a. MBA Weekly Applications Survey, Mortgage applications
A weekly US report on how many people are applying for home loans, a quick pulse check on housing.
Every Wednesday the Mortgage Bankers Association in the US publishes MBA Mortgage Applications (from its Weekly Applications Survey). It counts how many people applied for a new mortgage or to refinance an old one, compared with the week before.
Housing is one of the first parts of an economy to feel interest-rate changes. When mortgage rates jump, applications usually slump within weeks. It is a noisy number and rarely moves currencies by itself, but it helps traders see whether Fed rate hikes are biting.
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