THE BASIS POINT

Existing Home Sales Highest since February 2007.

 

MBA Mortgage Applications (week ended 7/17/2015)

– Purchase Index Week/Week +1.0%. Previous weeks were -8.0%, +7.0%, -4.0%, +1.0%. -4.0%, +10.0%, -3.0%, +1.0%, -4.0%, -0.2%, +1.0%, +0.0%, and +5.0%.

– Refinance Index Week/Week -1.0%. Previous weeks were +4.0%, +3.0%, -5.0%, +2.0%, -7.0%, +7.0%, -12.0%, -4.0%, +0.3%, -6.0%, -8.0%, and -4.0%.

– Composite Index Week/Week +0.1%. Previous weeks were -1.9%, +4.6%, -4.7%, +1.6%, -5.5%, +8.4%, -7.6%, -1.6%, -1.5%, -3.5%, -4.6%, -2.3%, and +2.3%.

 
FHFA House Price Index (May 2015)

– month/month +0.4%. Previous was +0.4%
– year/year   +5.7%. Previous was +5.3%.

Existing Home Sales (June 2015)

– Existing Home Sales (seasonally adjusted annualized rate)  5,490,000. Previous was 5,320,000
– Existing Home Sales month/month  +3.2%. Previous was +4.5%
– Existing Home Sales year/year    +9.6%.

This is the highest level of Existing Sales since February 2007.

 

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