Mortgage Applications Recover.

MBA Mortgage Applications (Week ended 1/10/2014)

– Purchase Index Week/Week +12.0%. Previous weeks were -1.0%, -4.0%, -6.0%, +1.0%, -4.0%, -0.2%, +6.0%, -1.8%, -1.0%, +2.0%, +1.0%, and -5.0%,.

– Refinance Index Week/Week +11.0%. Previous weeks were +5.0%, -8.0%, +2.0%, -18.0%, -0.2%, +6.0%, -4.0%, +9.0%, -1.0%, and +3.0%.

– Composite Index Week/Week +11.9%.  Previous weeks were +2.6%, -6.3%, -5.5%, +1.0%, -12.8%, -0.3%, -2.3%, -2.8%, +6.4%, -0.6%, and +0.3%.

This is a nice comeback from the previous few miserable weeks which saw applications at an 13 year low.

 
Producer Price Index (December 2013)

– PPI Month/Month +0.4%. Previous was -0.1 %
– PPI Year/Year +1.2 %
– PPI core (less food & energy) Month/Month +0.3 %. Previous was  0.1%
– PPI core (less food & energy)Year/Year +1.4 %. Previous was +1.3%

 
Empire State Manufacturing Survey (January 2014)

– General Business Conditions Index 12.51.  Previous was 2.22.