MBA REFINANCE INDEX
A weekly measurement that forecasts mortgage activity and loan prepayments based on the submitted number of mortgage refinance applications. Conducted by Mortgage Bankers Association, the index is released every Wednesday. The number of refinance loans that has closed are not included in the index. Also, the report has the new weekly index number and percentage change from the previous week’s figures, as well as the index’s four-week moving average.
POPULAR TERMS
Closet Indexing
Investing strategy in which an investor or investment manager attempts to attain returns similar to the performance of a benchmark index without ex ...
Stub Quote
Order to buy or sell a stock above the stock’s market price. Trading companies use these quotes when they don’t want to trade at specif ...
Swing for the Fences
Expression used to describe huge returns in the stock market. Investors aiming to swing for the fences are endeavoring to reach a financial home ru ...
Blue Collar
Working class individual that perform manual labor and is paid per hour. In history, manual laborers wore blue shirts, which could hold a slight du ...
Desk Trader
A trader restricted to instituting trades for the clients of a firm and unable to trade with own accounts of his or her firm.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 03:30 | NAB Business Confidence | Apr | |
| 03:30 | Retail Sales | Mar | |
| 08:00 | Prelim Machine Tool Orders | Apr | |
| 08:45 | Industrial Production | Mar | |
| 09:30 | Halifax House Price Index | Apr | |
| 10:30 | Sentix Investor Confidence | May | |
| 20:00 | FOMC Member Charles Evans Speaks | ||
| 01:01 | BRC Retail Sales Monitor | Apr | |
| 01:30 | Household Spending | Mar |
