Wholesale Inventory

Fundamentals 11/9: Europe Angst Helps Rates

Mortgage Applications -Purchase Index, Week/Week +4.8 % -Refinance Index, Week/Week +12.1 % -Composite Index, Week/Week +10.3 % -Lower rates = more mortgage applications. Wholesale Inventories -Inventories – Month/Month change -0.1% -This relates to the Consumer Metrics Institute Absolute Demand Index which had fallen from October 29 to November 6 and finally stopped falling yesterday. The