MBA Mortgage Applications Down 10.5%

October 20th, 2010 by Belisarius

(For The Week Ending October 15, 2010)

MBA mortgage applications fell 10.5% , prior reading was an increase of 14.6.%. Refinance index fell 11.2%; Purchase index fell 6.7%.

This looks quite negative, not sure if it is connected with foreclosure mess.

Chart 1. MBA Mortgage Applications


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