MBA Mortgage Applications Down 1.4%

September 22nd, 2010 by Belisarius

(For The Week Ending September 17, 2010)

MBA mortgage applications fell 1.4% , prior reading was a decrease of 8.9.%. Refinance index fell 0.9%; Purchase index fell 3.3%.

Purchase index which is supposed to be leading home sales – pathetic in one word.

Chart 1. MBA Mortgage Applications

Source: Bloomberg

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