MBA Mortgage Applications (week ended 10/23/2015)
- Purchase Index Week/Week -3.0%. Previous weeks were +16.0%, -34.0%, +27.0%, -6.0%, +9.0%, -4.0%, -1.0%, +4.0%, +2.0%, -1.0%, -4.0%, +3.0%, and +0.8%.
- Refinance Index Week/Week -4.0%. Previous weeks were +9.0%, -23.0%, +24.0%, -8.0%, +18.0%, -9.0%, -10.0%, +17.0%, -1.0%, +7.0%, +3.0%, and +6.0%.
- Composite Index Week/Week -3.5%. Previous weeks were +11.8%, -27.6%, +25.5%, -6.7%, +13.9%, -7.0%, -6.2%, +11.3%, +0.2%, +3.6%, -0.1%, and +0.8%.
With the effects of the TRID disclosure rules 3 weeks in the past for this data it is perhaps more meaningful as leading indicator of Home Sales. Nonetheless these new disclosures will in
all likelihood will negatively affect Existing and New Home Sales in November and December. The timeline will be stretched as the delays induced by the new rules transpire.
Goods Trade Deficit (September 2015)
- Deficit $58.6 billion. Previous was $67.2 billion.
This is a new advanced report from The Census Bureau. This is not the traditional Trade Deficit from BEA.
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