MBA Mortgage Applications Down 8.9%

September 15th, 2010 by Belisarius

(For The Week Ending September 10, 2010)

MBA mortgage applications fell 8.9% , prior reading was a decrease of 1.5.%. Refinance index fell 10.8%; Purchase index fell 0.4%.

No change in purchase applications; Refinancing is heading lower as number of homeowners who have not refinanced is being exhausted.

Chart 1. MBA Mortgage Applications

Source: Bloomberg

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