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October 9, 2013

Rates Lower yet Mortgage Applications Flat.

October 9, 2013

Rates Lower yet Mortgage Applications Flat.

MBA Mortgage Applications (Week ended 9/27/2013)

– Purchase Index Week/Week -1.0%. Previous weeks were -6.0%, +7.0%, +3.0%, -3.0%, -0.4%, +2.0%, +1.0%, -5.0%, +1.0%, -3.0%, and -2.0%.

– Refinance Index Week/Week +3.0%. Previous weeks were +3.0%, +5.0%, +18%, -20%, +2.0%, -5.0%, -8.0%, -4.0%, +0.0%, and -4.0%.

– Composite Index Week/Week +1.3%.  Previous weeks were 0.4%, +5.5%, +11.2%. -13.5%, +2.0%, -2.5%., -4.6%, -4.7%, +0.2%, -3.7%, and -1.2%.

Lower rates, driven by technical forces, made for a few more refinance loans but  purchases, while moving a bit up or down each week, have been flat over the past 3 months.

Wholesale Trade (August 2013)

– This comes from the Commerce Department and is not available because of the budget/debt ceiling bickering.