Manufacturing up, Mortgage Applications Weak

MBA Mortgage Applications (week ended 2/20/2014)

– Purchase Index Week/Week -0.2%. Previous weeks were +5.0%, -7.0%, -7.0%, -2.0%, -0.1%, -3.0%, +24.0%, -5.0%, +1.0%, -7.0%, +1.0%, +3.0%, and -10.0%.

– Refinance Index Week/Week -0.2%. Previous weeks were +1.0%, -16.0%, -10.0%, +3.0%, -5.0%, +22.0%. +66.0%, -12.0%, +1.0%, +0.0%, +13.0%, and -13%.

– Composite Index Week/Week +0.1%. Previous weeks were -8.0%. -13.2%, -9.0%, +1.3%, -3.2%, +14.2%, +49.1%, -9.1%, +0.9%, -3.3%, +7.3%, and -7.3%.

The Purchase Index is important because it relates top Home Sales and Housing Starts  It has declined 6 of the past 7 weeks.

ADP Private Jobs (February 2015)

– Private Jobs  +212,000. Previous revised up from 213,000 to 250,000.

 
PMI Services Index  (February 2015)

– Level  57.1. Previous was 54.2.

 
ISM Non-Manufacturing Index  (February 2015)

– Composite Index  56.9. Previous was 56.7.