Private Jobs Improve. Mortgage Applications Flat.
MBA Mortgage Applications (week ended 6/27/2014)
– Purchase Index Week/Week -1.0%. Previous weeks were -1.0%. -5.2%, +9.0%, -4.0%, -1.0%, -3.0%, -1.0%, +9.0%, -4.0%, -3.0%, +1.0%, and +3.0%.
– Refinance Index Week/Week +0.1%. Previous weeks were -1.0%, -13.0%, +11.0%, -3.0%, -1.0%, +4.0%, +7.0%, +2.0%, -7.0%, -4.0%, and +7.0%.
– Composite Index Week/Week -0.2%. Previous weeks were -1.0%, -9.2%, +10.3%, -3.1%, -1.2%, +0.9%, +3.6%, +5.3%, -5.9%, -3.3%, and +4.3%.
Demand for housing remains flat.
ADP Private Jobs (June 2014)
– Private Jobs +281,000. Previous was +179,000.
This is the largest increase in about a year and a half.
Factory Orders (May 2014)
– Factory Orders month/month -0.5%. Previous was +0.8%.