Mortgage Applications Lowest since January.

MBA Mortgage Applications (week ended 10/28/2016)

– Purchase Index Week/Week -0.4%. Previous weeks were -7.0%, +3.0%, -3.0%, -0.1%, +1.0%, -7.0%, +9.0%, +1.0%, +1.0%, -0.3%, -4.0%, +3.0%, and -2.0%.
– Refinance Index Week/Week -2.0%. Previous weeks were -2.0%, -1.0%, -8.0%, +5.0%, -2.0%, -8.0%, +2.0%, +1.0%, +4.0%, -3.0%, +10.0%, -3.0%, and -15.0%.
– Composite Index Week/Week -1.2%. Previous weeks were -4.1%, -0.6%, -6.0%, +2.9%, -0.7%. -7.3%, +4.2%, +0.9%, +2.8%, -2.1%, +7.1%, and -3.5%.

These data from the Mortgage Bankers’ Association are seasonally adjusted and Purchase Applications are at the lowest level since January.

 
ADP Private Jobs (October 2016)

– ADP employment 147,000. Previous was 154,000 revised to 202,000.

While the large revision to the previous month brought this in line with BLS the 147,000 is decidedly weak.