Seems the post weather bounce is over?
These are alarmingly low numbers:.
MBA Purchase Applications
The purchase index, which had been inching higher in prior weeks, fell back 3.0 percent in the April 18 week. Year-on-year, the index remains in very negative ground at minus 18.0 percent. The refinancing index, which has been sliding, fell a further 4 percent in the week. Rates moved slightly higher in the week with the average rate for conforming 30-year mortgages up 2 basis points to 4.49 percent. Watch for new home sales later this morning at 10:00 a.m. ET.