MBA Mortgage Applications Down 16.5%

(For The Week Ending November 26, 2010)

MBA mortgage applications fell 16.5% on the back of declining refinancing; Prior reading was an increase of 2.1%; On year level MBA Basic Index is down 0.8%.

Chart 1. Mortgage Bankers Association Basic Index SA

MBA Refinancing index fell -21.6%; Prior reading was a decrease of 1.0%; On year level MBA Refinancing Index is up 3.8%.

Chart 2. Mortgage Bankers Association Refinancing Index SA

MBA Purchase Index rose 1.1%. Prior reading was in increase of 14.4.%; On year level MBA Purchase Index is down 10.8%.

Chart 3. Mortgage Bankers Association Purchase Index SA

Only pain here…

This entry was posted on Wednesday, December 1st, 2010 at 7:44 am and is filed under U.S. Economic Data, U.S. Housing. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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