Housing. MBA mortgage applications

Mortgage Applications up, but….

MBA Mortgage Applications (week ended 1/4/2013) Note that this data is nearly impossible to interpret because of the inability to correct it for the holidays.  The problem is that Christmas and New Year’s Day as well as July 4th are holidays which do not occur on the same day of the week each year.  This makes

Purchase Applications up, Import/Export Prices down.

MBA Mortgage Applications (week ended 12/7/2012) Purchase Index Week/Week 1.0% Refinance Index Week/Week 8.0% Composite Index Week/Week +6.2% The number of purchase application has increased for 5 consecutive weeks. The above data are seasonally adjusted. The unadjusted Purchase Index decreased 4% compared with the previous week and was 9% higher than the same week one