7:00a MBA Mortgage Applications Composite Index - W/W Change -1.2% actual vs 30.2% prior Purchase Index - W/W Change -2.0% actual vs 16.0% prior Refinance Index - W/W Change -2.0% actual vs 43.0% prior Definition The Mortgage Bankers' Association compiles various mortgage loan indexes. The purchase applications index measures applications at mortgage lenders. This is a leading indicator for single-family home sales and housing construction.
8:30a Chicago Fed National Activity Index Level -0.35 actual vs 0.41 (rev) prior 3 Month Moving Average -0.23 actual vs -0.31 (rev) prior Definition The Chicago Fed National Activity Index (CFNAI) is a monthly index that tracks overall economic activity and inflationary pressures. The CFNAI is a weighted average of 85 existing monthly indicators of national economic activity. It is constructed to have an average value of zero and a standard deviation of one. Since economic activity tends toward trend growth over time, a positive index reading corresponds to growth above trend and a negative index reading corresponds to growth below trend.
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