MBA Mortgage Applications Fell 5.5%
MBA mortgage applications fell 5.5%; Prior reading was an increase of 11.3%; On year level MBA Basic Index is down 24.2%.
Global Macro Perspectives
MBA mortgage applications fell 5.5%; Prior reading was an increase of 11.3%; On year level MBA Basic Index is down 24.2%.
MBA mortgage applications rose 11.3%; Prior reading was a decrease of 12.9%; On year level MBA Basic Index is down 20.8%.
Rates for 30-year loans have risen 27 basins points (due to end of FED MBS buying program). As a result MBA Refinance Index fell 16.9%. Chart 1. MBA Composite; Purchase And Refinancing Index