THE BASIS POINT

Purchase Applications up.

 

MBA Mortgage Applications (week ended 8/22/2014)  

– Purchase Index Week/Week +3.0%. Previous weeks were -0.4%, -1.0%, -1.0%. +0.2%, +0.3%, -8.0%, +4.0%, -1.0%, -1.0%. -5.2%, +9.0%, and -4.0%.

– Refinance Index Week/Week +3.0%. Previous weeks were +3.0%, -4.0%, +4.0%, -4.0%, +4.0%, -0.1%, +0.4%, +0.1%, -1.0%, -13.0%, and +11.0%.

– Composite Index Week/Week +2.8%. Previous weeks were +1.4%, -2.7%, +1.6%, -2.2%, +2.4%, -3.6%, +1.9%, -0.2%, -1.0%, -9.2%, and +10.3%.

Purchase applications were up after 3 weeks of falling.

 

 

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