Share
Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update discusses mortgage applications and the ADP National Employment Report.
- Mortgage applications declined 11.7 during the week ending October 25.
- The Purchase Index was mostly unchanged with a slight 0.8 decrease from the prior week. The Refinance index drove the weekly decline.
- Cash purchases—which have been steady at 30 percent of transactions—were not captured in the data.
- Based on the November ADP National Employment report, nonfarm private business employment increased by 206,000 jobs between October and November. This follows an upwardly revised October figure of 130,000 jobs.
- Employment increased among small (<50 workers), medium-sized (50-to-499 workers) and large businesses.
Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.