MBA Mortgage Applications Down 14.4%
(For The Week Ending November 12, 2010)
MBA mortgage applications fell 14.4%; Prior reading was an increase of 5.8%; On year level MBA Basic Index is up 13.4%.
Chart 1. Mortgage Bankers Association Basic Index SA
MBA Refinancing index fell -16.5%; Prior reading was an increase of 6.0%; On year level MBA Refinancing Index is up 23.o%.
Chart 2. Mortgage Bankers Association Refinancing Index SA
MBA Purchase Index fell 5.0%. Prior reading was an increase of 5.5.%; On year level MBA Purchase Index is down 12.0%.
Chart 3. Mortgage Bankers Association Purchase Index SA
No improvement in key purchase index.