Manufacturing up, Mortgage Applications Weak
MBA Mortgage Applications (week ended 2/20/2014)
– Purchase Index Week/Week -0.2%. Previous weeks were +5.0%, -7.0%, -7.0%, -2.0%, -0.1%, -3.0%, +24.0%, -5.0%, +1.0%, -7.0%, +1.0%, +3.0%, and -10.0%.
– Refinance Index Week/Week -0.2%. Previous weeks were +1.0%, -16.0%, -10.0%, +3.0%, -5.0%, +22.0%. +66.0%, -12.0%, +1.0%, +0.0%, +13.0%, and -13%.
– Composite Index Week/Week +0.1%. Previous weeks were -8.0%. -13.2%, -9.0%, +1.3%, -3.2%, +14.2%, +49.1%, -9.1%, +0.9%, -3.3%, +7.3%, and -7.3%.
The Purchase Index is important because it relates top Home Sales and Housing Starts It has declined 6 of the past 7 weeks.
ADP Private Jobs (February 2015)
– Private Jobs +212,000. Previous revised up from 213,000 to 250,000.
PMI Services Index (February 2015)
– Level 57.1. Previous was 54.2.
ISM Non-Manufacturing Index (February 2015)
– Composite Index 56.9. Previous was 56.7.