THE BASIS POINT

Mortgage Applications up.

 

MBA Mortgage Applications  (week ended 9/18/2015)

– Purchase Index Week/Week +9.0%. Previous weeks were -4.0%, -1.0%, +4.0%, +2.0%, -1.0%, -4.0%, +3.0%, +0.8%, -0.1%, +1.0%, -8.0%, +7.0%, and -4.0%.

– Refinance Index Week/Week +18.0%. Previous weeks were -9.0%, -10.0%, +17.0%, -1.0%, +7.0%, +3.0%, +6.0%, +2.0%, -1.0%, +4.0%, +3.0%, and -5.0%.

– Composite Index Week/Week +13.9%. Previous weeks were -7.0%, -6.2%, +11.3%, +0.2%, +3.6%, -0.1%, +0.8%, -1.9%, +4.6%, -4.7%, +1.6%, and -5.5%.

Data for last week indicates that the previous week was a 4-day week.

PMI Manufacturing Index Flash  (September 2015)

– Index level Level 53.0.  Previous was 52.9.

 

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