MBA Mortgage Applications – Purchase Index Week/Week -3.0 %. Previous weeks were -4.0%, +2.0%, – 1.4%, +0.3%, and +4.0%. – Refinance Index Week/Week -12.0 %. Previous weeks were -8.0%, +3.0%, +0.3%, +5.0% and +6.0%. – Composite Index Week/Week -9.8 %. Previous weeks were -7.3%, +7.0%, +1.8%, +0.2%, +4.8%, +4.5%. The decrease in refinancing is due [...]
Archive for the ‘Fundamentals’ Category
How strong is the consumer right now?
Chain store sales seem to indicate modest increases
Manufacturing Remains Flat
Just as every other recent manufacturing index, this one shows that manufacturing in the U.S. is not recovering.
Leading Indicators and Consumer Sentiment Improve.
Today’s fundamentals
Housing Starts down, Initial Jobless up, Inflation Contained.
Home construction at a 5mo low.
Rate spike takes a (slight) breather
Rates trying to hold their ground. Plus a rundown of homebuilder confidence, mortgage applications, PPI, manufacturing
Chain Store Sales down, maybe. Import/Export Prices down.
Rundown of today’s economic fundamentals.
Retail Sales/Business Inventories Indicate Flat GDP.
Rates up again today after this morning’s data.
Money Supply at Record High
The mortgage business is an example of government policies at cross-purposes: 1) pump up money supply and 2) tighten lending standards.
Initial Jobless Claims down once again.
This data is positive for the economy but is not the entire employment picture.
