Mortgage Application up Slightly.
MBA Applications (week ended 10/3/2014)
– Purchase Index Week/Week +2.0%. Previous weeks were +0.0%, -0.3%, +5.0%, -3.0%, -2.0%, +3.0%, -0.4%, -1.0%, -1.0%. +0.2%, +0.3%, and -8.0%.
– Refinance Index Week/Week +5.0%. Previous weeks were -0.3%, -7.0%, +10.0%, -11.0%, +1.0%, +3.0%, +3.0%, -4.0%, +4.0%, -4.0%, and +4.0%.
– Composite Index Week/Week +3.8%. Previous weeks were -0.2%, -4.1%, +7.9%, -7.2%, +0.2%, +2.8%, +1.4%, -2.7%, +1.6%, -2.2%, and +2.4%.
Purchase Applications are -8.0% year-on-year.