Tag Archive for Composite Index

Purchase Applications Increase in Latest MBA Weekly Survey

Press Release MBAA WASHINGTON, D.C. (May 2, 2012) — Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 27, 2012. The Market Composite Index, a measure of mortgage loan application volume, increased 0.1 percent on a seasonally…

ISM in Wonderland Media Reporting Versus Reality, Which Do You Prefer?

The big economic news story on Monday was the ISM Purchasing Managers Index. The headline number was only mildly positive, but it was enough so that Bloomberg was beside itself with joy. “Manufacturing in the U.S. expanded at a faster pace in March, driven by gains in employment and production that signal the world’s biggest…