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THE ECONOMY.(TO THE POINT)

Investor's Business Daily

| September 04, 2003 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Home loan demand dips in week

The Mortgage Bankers Association of America's overall gauge of mortgage applications fell 1.6% last week to 628.7. A gauge of demand for new home loans rose 5.5% to 396.1, just 14% below the late May peak. But refi applications fell 8.6% to 1981.5, the lowest level since June '02.

Chain-store sales strong in Aug.

Same-store sales at department and discount chains last week rose 0.1% from a week earlier and 4% from a year ago, Bank of Tokyo-Mitsubishi and UBS said. Aug. same-store sales rose 1.3% from July and 3.8% from Aug. '02, Instinet Research said.

Consumer comfort gauge eases

The ABCNews/Money magazine Consumer Comfort Index dipped a point to -18 last week. Now 30% say the economy is in good shape and 37% think it's a good time to buy things, both down a percentage point in the week. A steady 56% say their own finances are healthy.

China resists currency criticism

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