Share
Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update discusses mortgage applications.
- Mortgage applications decreased 2.4 percent during the week ending April 6, 2012, with the Purchase Index declining 0.5 percent from the prior week.
- The Refinance index dropped 3.1 percent, despite declining interest rates on 30-year fixed mortgages, which reached 4.10 percent.
- Cash purchases—which have been steady at about 30 percent of transactions—were not captured in the data.
- Import and export prices during the month of March increased 0.5 percent, according to a report by the Labor Department.
Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.