MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Killswitch who wrote (14805)	10/16/2002 8:28:13 AM
From: Killswitch	Read Replies (1) of 19219

New home purchases seem to be steadily weakening, now loan apps are on the verge of breaking down from the range they've been in for a long while. "Brian Reynolds Housing 10/16/02 07:10 AM EDT The MBA refinancing application index pulled back a little from its record shattering performance of last week, falling from 6926.9 to 6793.8. This is still the 2nd highest level on record. The purchase application index fell from 352.5 to 341.9. I've written how this index has been fluctuating in a range from a little less than 350 to a little more than 400 since April; this reading is at the bottom of this range and is the lowest reading since the 337.3 seen on April 12."

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