The Conventional Purchase Index decreased 0.3 percent while the Government Purchase Index ( largely FHA ) increased 7.2 percent . The four week moving average for the seasonally adjusted Market Index is down 4.2 percent to 466.3 from 486.5 . The four week moving average is down 3.7 percent to 330.0 from 342.6 for the Purchase Index , while this average is down 4.8 percent to 1266.0 from 1330.3 for the Refinance Index .
What might be the reason behind the many indices being down on four week moving averages ?
- The demand for the market might be increasing .
 - The demand for the market might be low .
 - The demand for the market might be unchanged .
 - The demand for the market might be high .


The demand for the market might be low .