THE BASIS POINT

Economic Growth Continues to Slow.

 

MBA Mortgage Applications (week ended 1/29/2016)

 
– Purchase Index Week/Week -7.0%. Previous weeks were +5.0%, -2.0%, +18.0%,-15.0%, +4.0%, -3.0%, +0.04%, +8.0%, -1.0%, +12.0%, +0.1%, -1.0%, and -3.0%.

– Refinance Index Week/Week +0.3%. Previous weeks were +11.0%, +19.0%, +24.0%, -37.0%, +11.0%, +1.0%, +4.0%, -6.0%, -5.0%, +2.0%, -2.0%, -1.0%, and -4.0%

– Composite Index Week/Week -2.6%. Previous weeks were +8.8%, +9.0%, +21.3%, -27.0%, +7.3%, -1.1%, +1.2%, -0.2%, -3.2%, +6.2%, -1.3%, and -0.8%.

The Purchase Index had been strong and last week’s dip could be weather related.

 
ADP Private Sector Jobs Report (January 2016)

 

– Private Jobs +205,000. Previous was +267,000.

This signals a weaker than previous BLS Employment Situation Report this Friday.

 
PMI Services Index  (January 2016)

– Index level 53.2. Previous was 54.3.

Still growing but at a slower pace.

 

ISM Non-Manufacturing Index (January 2016)

– Composite Index 53.5. Previous was 55.3.

Still growing but at a slower pace.

 

WANT TO OUTSMART YOUR FRIENDS?

GET OUR NEWSLETTER

Comments [ 0 ]

WHAT DID WE MISS? COMMENT BELOW.

All comments reviewed before publishing.

3 × 4 =

x