Applications up 5.8% as rates rebound from post-election highs.
MBA mortgage applications
The sharp drop in refinance applications is due to higher rates. This last week of the year was the only week in which year/year purchase applications were down.
Today's fundamentals: strong existing home sales, but previous month revised down 30k.
Today's fundamentals: PPI, mortgage apps, retail sales, business inventories, industrial production
Today's fundamentals: Job Openings & Labor Turnover Survey (JOLTS) shows a lot of unfilled job openings. Also mortgage refi app data terrible--severely impacted by higher rates.
Today's fundamentals: pending home sales, plus lots more: mortgage applications, Chicago PMI, personal income/spending, ADP jobs report
This week's MBA mortgage applications data.
This week's MBA mortgage applications data.
Roundup today's fundamentals: mortgage apps, ADP employment, factory orders.
New Home Sales (October 2012) New Home Sales (Seasonally Adjusted Annualized Rate) 368,000. Previous was 389,000. Mortgage Applications (week ended 11/23/2012) Purchase Index – Week/Week +3.0% Refinance Index – Week/Week -2.0% Composite Index – Week/Week -0.9% We have mixed messages: purchase applications are up and New Home Sales are down. While the fall in New
Wholesale Inflation (October 2012) PPI PPI – Month/Month -0.2 % PPI – Year/Year +2.3 % PPI less food & energy – Month/Month -0.2 % PPI less food & energy – Year/Year +2.1 % Inflation at the wholesale level remains well-contained. MBA Mortgage Applications (week ended 11/9/2012) Purchase Index – Week/Week +11.0% Refinance Index –
Rates down post election. And here's why home prices are rising.
Rates down post election. And here's why home prices are rising.
New Home Sales (September 2012) – New Home Sales (seasonally adjusted annualized rate) – 389,000. Previous was 368,000 – The median price of a new home sold was down 3.2% which breaks a string of increases. A slow, steady increase in New Home Sales is a healthy sign but… MBA Mortgage Applications (week ended 10/19/2012)
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