Private Jobs +214,000.

MBA Mortgage Applications (week ended 2/26/2016)

– Purchase Index Week/Week -1.0%. Previous weeks were +2.0%, -4.0%, +0.2%, -7.0%, +5.0%, -2.0%, +18.0%,-15.0%, +4.0%, -3.0%, +0.04%, +8.0%, and -1.0%.

– Refinance Index Week/Week -7.0%. Previous weeks were -8.0%, +16.0%, +16.0%, +0.3%, +11.0%,+19.0%, +24.0%, -37.0%, +11.0%, +1.0%, +4.0%, -6.0%, and -5.0%.

– Composite Index Week/Week -4.8%. Previous weeks were -4.3%, +8.2%, +9.3%, -2.6%, +8.8%,+9.0%, +21.3%, -27.0%, +7.3%, -1.1%, +1.2%, and -0.2%.

Purchase applications are +27% year-on-year. Single-family construction declined in a report earlier this week and single family Starts and Permits have been low.  This drives prices upward.

ADP Private Jobs (February 2016)

– Private Jobs +214,000. Previous was +193,000