Wednesday, Mar. 3, 7 a.m. EST
The Mortgage Bankers Assn. releases its tally of mortgage applications for both home buying and refinancing for the week ending Feb. 27. During the period ended Feb. 20, the purchase index moved up to 423.5, after rising to 413.9 for the week ended Feb. 13. The latest reading of the four-week moving average through Feb. 20 eased to 420.9, from 427.9 for the week ended Feb. 13. The average rate on a conventional 30-year mortgage, according to HSH Associates, inched down to 5.71% in the week ended Feb. 20, from 5.78% over the previous period.