Wednesday, November 3, 2010

MBA: Mortgage Purchase Applications Increase slightly last week

[mEDITate-OR:
or believe the headline is telling U.S. "The Truth"

Once again mixing date misleads U.S.
IF we look at unadjusted purchase numbers there was almost no change.
If we look at CRs moving averages, there was a decline.

Disirregardless, the drop from last year is still almost 30%
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The Refinance Index decreased 6.4 percent from the previous week.
The seasonally adjusted Purchase Index increased 1.4 percent from one week earlier.
The unadjusted Purchase Index increased 0.2 percent compared with the previous week
and was 28.0 percent lower than the same week one year ago

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MBA Purchase Index
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MBA: Mortgage Purchase Applications Increase slightly last week
http://www.calculatedriskblog.com/2010/11/mba-mortgage-purchase-applications.html
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