*SCALPSWINGSTRADDLE*

[Zephyr]

MBA Purchase Applications
Released On 4/2/2014 7:00:00 AM For wk3/28, 2014
Prior Actual
Composite Index - W/W Change -3.5 % -1.2 %
Purchase Index - W/W Change 3.0 % 1.0 %
Refinance Index - W/W Change -8.0 % -3.0 %
Highlights
Purchase applications rose 1.0 percent in the March 28 week though the year-on-year rate shows no improvement, at minus 17.0 percent and a reminder that mortgage rates right now are less favorable than this time last year. Refinancing applications fell 3.0 percent in the week. Mortgage rates were little changed in the week with the 30-year conforming rate ($417,500 or less) unchanged at 4.56 percent.