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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (44638)	11/2/2005 7:58:24 AM
From: russwinter	Read Replies (2) \| Respond to of 110194

Here we go, finally a real break developing in Humpty Dumpty land. Looks like 6.20% 30 year, and a flat curve, may start to do the trick, about time! Need to break that 425 neckline and stay there. This will pull down Lucky Lotto winnners, and impact the non M1 component of M2 with a lag: idorfman.com WASHINGTON, D.C. (November 2, 2005) - The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 28. The Market Composite Index, a measure of mortgage loan application volume, was 646.7, a decrease of 4.8 percent on a seasonally adjusted basis from 679.1, one week earlier. On an unadjusted basis, the Index decreased 5.2 percent compared with the previous week but was down 15.2 percent compared with the same week one year earlier. The seasonally-adjusted Purchase Index decreased by 6.2 percent to 437.6 from 466.4 () the previous week whereas the Refinance Index decreased by 2.8 percent to 1862.8 from 1916.8 one week earlier. () Purchase index/ Refi index 9-2: 499 / 2357 9-9: 513 / 2199 9-16: 500 / 2354 9-23: 483 / 2107 9-30: 474 / 2192 10-07: 470 / 2005 10-14: 504 / 2096 10-21: 466 / 1917 10-28: 438 /1863