MBA Mortgage Applications Down 1.5%
MBA mortgage applications fell 1.5% for week ending May 14, the prior reading was an increase of 3.9%. Chart 1. MBA Mortgage Applications
Posts Tagged ‘MBA Purchase Applications’
MBA Mortgage Applications Down 2.9%
MBA mortgage applications fell 2.9% for week ending 16 April, the prior reading was an increase of 13.6%. Large surge in purchase index (+7.4%) was more than offset by falling refinance index (-8.8%). Chart 1. MBA Mortgage Applications
MBA Mortgage Applications Up 13.6%
MBA mortgage applications rose 13.6% for week ending 16 April, the week before reading was at -9.6%. The first home-buyer tax credit program is approaching its end… Chart 1. MBA Mortgage Applications
When I Was Away
I was away from the computer and away from the markets, so let me recap most important developments. MBA purchase applications were up 0.8% vs. 3.6% the week before. Retail sales in December disappointed coming out at -0.3% vs. 0.4% consensus and 1.3% in November. Initial jobless claims edged up reaching 444.000 vs. 437.000 consensus […]
Citgroup Equity Offering Becoming A Correction Catalyst?
Asia closed negative today, Europe is trading also negative -0.5% on average. After I started began to doubt my calls on TARP repayments as a potential correction catalyst the Citigroup equity offering has turn out to be full blown fiasco. The offering was priced yesterday at $3.15 per share, a 20+ percent lower the share […]
U.S. Housing – Strenght or a Relapse?
Existing Home Sales came at level of 6.2 million vs. 5.7 million consensus and 5.6 million level the month before. Positive figure courtesy of late extension of first time home buyer tax credit (closing required by November) and record low mortgage rates. Chart 1. Existing Home Sales Looking back to the last’s week housing data […]