Mortgage Defaults

Fundamentals 9/15: Manufacturing Down, Jobless Claims & Inflation Up

Initial Jobless Claims -428,000 for the week ended September 10 -Up 11,000 from previous week’s revised 417,000 (was 414k) -4-week moving average 419,500, up 4,000 from previous week -Rising trend continues Consumer Inflation, August -CPI Month/Month +0.4% -CPI Year/Year +3.8% -CPI core (less food & energy) Month/Month +0.2% -CPI core (less food & energy) –