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.
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