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Message Subject Mortgage Applications Plunge to Near Seven-Month Low
Poster Handle Mortis Ages
Post Content
are those number per day, wtf does 500+ mean?


hmmm...don't know what that 515 means. Be great if it was the grand total of all US mortgage aps for the week tho. yuck yuck yuck
 Quoting: Anonymous Coward 705240



This is an aplication Index, as all index they compare itself to a specific point in time and arbitrarily start it at 100.

So for all practicle purposes they were 515% more applications last week that in 1993, (100.00)

But to get things in perpective 2005 the applications were running at 2800 or 2,800% of the baseline.

Hope that helps.

Martis Ages

Mort is for ages
(Mort engage) or
engange in death.
 
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