United States USD

United States MBA Purchase Index

Info

History

Chart

Impact:

Low

Source: Mortgage Bankers Association of America

Latest Release:

Date:

Actual:

162.1

Forecast:

Previous/Revision:

157.8

Period: May/23

Next Release:

Date:

Period: May/30

What Does It Measure?

The MBA Purchase Index measures the number of mortgage applications submitted for home purchases in the United States, providing insight into the housing market’s strength and consumer confidence in home buying. It focuses on trends in residential property demand, which can reflect overall economic conditions influenced by factors such as employment, interest rates, and consumer sentiment.

Frequency

The MBA Purchase Index is released weekly on Wednesday, with the data reflecting the previous week’s mortgage applications, offering preliminary insights into housing market activity.

Why Do Traders Care?

Traders closely monitor the MBA Purchase Index because it serves as a leading indicator of housing market strength, which can impact related financial markets including currencies, stocks, and bonds. An increase in the index typically suggests robust consumer demand for housing, which can bolster the economy and positively influence market sentiment.

What Is It Derived From?

The index is derived from a survey conducted by the Mortgage Bankers Association (MBA), which collects data from a broad array of mortgage lenders across the country. The methodology involves calculating the number of applications received for home purchases, adjusted for seasonal fluctuations, providing an accurate measure of mortgage activity.

Description

The MBA Purchase Index is significant for its ability to indicate shifts in consumer demand for housing, which is crucial in assessing economic health. The preliminary data from the index is often reacted to quickly in financial markets due to its weekly frequency, while final revisions may offer more accuracy for trend analysis.

Additional Notes

As a leading economic indicator, the MBA Purchase Index can forecast trends in the housing sector and broader consumer spending. It is generally considered a coincident indicator regarding the broader economic cycle, relating closely to consumer confidence and economic growth patterns.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for USD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Previous
May 28, 2025	162.1	157.8
May 21, 2025	157.8	166.5
May 14, 2025	166.5	162.8
May 07, 2025	162.8	146.6
Apr 30, 2025	146.6	153.4
Apr 23, 2025	153.4	164.2
Apr 16, 2025	164.2	172.7
Apr 09, 2025	172.7	158.2
Apr 02, 2025	158.2	155.8
Mar 26, 2025	155.8	154.7
Mar 19, 2025	154.7	154.6
Mar 12, 2025	154.6	144.5
Mar 05, 2025	144.5	144.3
Feb 26, 2025	144.3	144
Feb 19, 2025	144	153.1
Feb 12, 2025	153.1	156.7
Feb 05, 2025	156.7	162.4
Jan 29, 2025	162.4	163
Jan 22, 2025	163	162
Jan 15, 2025	162	127.7
Jan 08, 2025	127.7	136.7
Jan 02, 2025	136.7	157.1
Dec 18, 2024	157.1	154.9
Dec 11, 2024	154.9	161.5
Dec 04, 2024	161.5	152.9
Nov 27, 2024	152.9	136
Nov 20, 2024	136	133.3
Nov 13, 2024	133.3	130.8
Nov 06, 2024	130.8	137.8
Oct 30, 2024	137.8	131.3
Oct 23, 2024	131.3	138.4
Oct 16, 2024	138.4	149.2
Oct 09, 2024	149.2	149.3
Oct 02, 2024	149.3	148.2
Sep 25, 2024	148.2	146.1
Sep 18, 2024	146.1	138.6
Sep 11, 2024	138.6	136.1
Sep 04, 2024	136.1	131.8
Aug 28, 2024	131.8	130.6
Aug 21, 2024	130.6	137.7
Aug 14, 2024	137.7	133.9
Aug 07, 2024	133.9	132.8
Jul 31, 2024	132.8	134.8
Jul 24, 2024	134.8	140.4
Jul 17, 2024	140.4	144.3
Jul 10, 2024	144.3	142.9
Jul 03, 2024	142.9	147.8
Jun 26, 2024	147.8	146
Jun 19, 2024	146	143.7
Jun 12, 2024	143.7	132.3
Jun 05, 2024	132.3	138.4
May 29, 2024	138.4	140
May 22, 2024	140	141.7
May 15, 2024	141.7	144.2
May 08, 2024	144.2	141.7
May 01, 2024	141.7	144.2
Apr 24, 2024	144.2	145.6
Apr 17, 2024	145.6	138.7
Apr 10, 2024	138.7	145.6
Apr 03, 2024	145.6	145.7
Mar 27, 2024	145.7	146
Mar 20, 2024	146	147.7
Mar 13, 2024	147.7	141.1
Mar 06, 2024	141.1	127.6
Feb 28, 2024	127.6	133.6
Feb 21, 2024	133.6	149.6
Feb 14, 2024	149.6	153.5
Feb 07, 2024	153.5	154.5
Jan 31, 2024	154.5	174.3
Jan 24, 2024	174.3	162.2
Jan 17, 2024	162.2	148.6
Jan 10, 2024	148.6	140.7
Jan 03, 2024	140.7	148.7
Dec 20, 2023	148.7	149.6
Dec 13, 2023	149.6	144.5
Dec 06, 2023	144.5	144.9
Nov 29, 2023	144.9	138.4
Nov 22, 2023	138.4	133.2
Nov 15, 2023	133.2	129
Nov 08, 2023	129	125.2
Nov 01, 2023	125.2	127
Oct 25, 2023	127	129.8
Oct 18, 2023	129.8	137.5
Oct 11, 2023	137.5	136.6
Oct 04, 2023	136.6	144.8
Sep 27, 2023	144.8	147
Sep 20, 2023	147	143.7
Sep 13, 2023	143.7	141.9
Sep 06, 2023	141.9	144.9
Aug 30, 2023	144.9	142
Aug 23, 2023	142	149.5
Aug 16, 2023	149.5	149.9
Aug 09, 2023	149.9	154.1
Aug 02, 2023	154.1	159.2
Jul 26, 2023	159.2	163.2
Jul 19, 2023	163.2	165.3
Jul 12, 2023	165.3	162.4
Jul 06, 2023	162.4	170.3
Jun 28, 2023	170.3	165.6
Jun 21, 2023	165.6	163.2
Jun 14, 2023	163.2	151.7
Jun 07, 2023	151.7	154.4
May 31, 2023	154.4	158.3
May 24, 2023	158.3	165.4
May 17, 2023	165.4	173.7
May 10, 2023	173.7	165.8
May 03, 2023	165.8	169.1
Apr 26, 2023	169.1	161.6
Apr 19, 2023	161.6	179.6
Apr 12, 2023	179.6	166.6
Apr 05, 2023	166.6	172.7
Mar 29, 2023	172.7	169.3
Mar 22, 2023	169.3	165.6
Mar 15, 2023	165.6	154.4
Mar 08, 2023	154.4	144.8
Mar 01, 2023	138.8	147.1
Feb 22, 2023	147.1	179.6
Feb 15, 2023	179.6	190
Feb 08, 2023	190	184.3
Feb 01, 2023	184.3	205.4
Jan 25, 2023	205.4	198.7
Jan 18, 2023	198.7	159.4
Jan 11, 2023	159.4	160.2
Jan 04, 2023	160.2	182.5
Dec 21, 2022	182.5	182.6
Dec 14, 2022	182.6	175.5
Dec 07, 2022	175.5	181
Nov 30, 2022	181	174.4
Nov 23, 2022	174.4	169.7
Nov 16, 2022	169.7	162.6
Nov 09, 2022	162.6	160.5
Nov 02, 2022	160.5	161.8
Oct 26, 2022	160.4	164.2
Oct 19, 2022	164.2	170.5
Oct 12, 2022	170.5	174.1
Oct 05, 2022	174.1	199.3
Sep 28, 2022	199.3	200.1
Sep 21, 2022	200.1	198.1
Sep 14, 2022	198.1	197.8
Sep 07, 2022	197.8	199.1
Aug 31, 2022	199.1	202.8
Aug 24, 2022	202.8	203.8
Aug 17, 2022	203.8	205.4
Aug 10, 2022	205.4	208.4
Aug 03, 2022	208.4	206.4
Jul 27, 2022	206.4	208
Jul 20, 2022	208	224.3
Jul 13, 2022	224.3	232.6
Jul 06, 2022	232.6	243.1
Jun 29, 2022	243.1	242.8
Jun 22, 2022	242.8	225
Jun 15, 2022	225	208.2
Jun 08, 2022	208.2	224.1
Jun 01, 2022	224.1	225.5
May 25, 2022	225.5	225
May 18, 2022	225	255.4
May 11, 2022	255.4	244.4
May 04, 2022	244.4	234.7
Apr 27, 2022	234.7	254
Apr 20, 2022	254	261.8
Apr 13, 2022	261.8	258.1
Apr 06, 2022	258.1	267.1
Mar 30, 2022	267.1	265.4
Mar 23, 2022	265.4	269.5
Mar 16, 2022	269.5	267.6
Mar 09, 2022	267.6	246.3
Mar 02, 2022	246.3	250.7
Feb 23, 2022	250.7	279
Feb 16, 2022	279	282.3
Feb 09, 2022	282.3	312.2
Feb 02, 2022	312.2	300.1
Jan 26, 2022	300.1	305.7
Jan 19, 2022	305.7	283.4
Jan 12, 2022	283.4	277.3
Jan 05, 2022	277.3	287.5
Dec 22, 2021	287.5	297.2
Dec 15, 2021	297.2	295.2
Dec 08, 2021	295.2	310.7
Dec 01, 2021	310.7	295.7
Nov 24, 2021	295.7	282.5
Nov 17, 2021	282.5	278.4
Nov 10, 2021	278.4	271.1
Nov 03, 2021	271.1	275.6
Oct 27, 2021	275.6	266.2