*SCALPSWINGSTRADDLE*

[Zephyr]

MBA Purchase Applications
Released On 11/6/2013 7:00:00 AM For wk11/1, 2013
Prior Actual
Composite Index - W/W Change 6.4 % -7.0 %
Purchase Index - W/W Change 2.0 % -5.0 %
Refinance Index - W/W Change 9.0 % -8.0 %
Highlights
Recent indications from housing have not been encouraging. The purchase index for mortgage applications fell a sharp 5.0 percent in the November 1 week to more than reverse two prior weeks of small gains. The index is now at its lowest point of the year. The refinancing index also fell sharply, down 8.0 percent. Rates were little changed in the week with the average 30-year loan for conforming mortgages ($417,500 or less) at 4.32 percent for a 1 basis point decline in the week.