MBA Mortgage Applications Down 5.0%
(For The Week Ending October 29, 2010)
MBA mortgage applications fell 5.0%; Prior reading was an increase of 3.2.%; On year level MBA Basic Index is up 29.4%.
Chart 1. Mortgage Bankers Association Basic Index SA
MBA Refinancing index fell 6.4%; Prior reading was an increase of 3.0.%; On year level MBA Refinancing Index is up 60.7%.
Chart 2. Mortgage Bankers Association Refinancing Index SA
MBA Purchase Index rose 1.4%. Prior reading was an increase of 3.9.%; On year level MBA Purchase Index is down 28.5%.
Chart 3. Mortgage Bankers Association Purchase Index SA
No improvement in key purchase index.