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MBA Purchase Index

The MBA Purchase Index is a weekly measure of mortgage loan application volume for home purchases in the United States, compiled by the Mortgage Bankers Association. It serves as an indicator of housing market strength and consumer confidence, as higher values suggest increased home buying activity. This index is important for the economy and financial markets because it provides insights into future home sales, consumer spending, and economic growth. Changes in the index can influence interest rates, housing-related stocks, and broader economic forecasts.