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Mtg apps, Euro zone industrial production

Summary:
Getting even more serious- year over year down 6%: Highlights The purchase index fell for a fourth straight week and down steeply, at a 6.0 percent rate which is not only the weekly change but also the yearly change as well. The report attributes the fall to “renewed uncertainty about the domestic and global economy” which it said held buyers off the market. But citing strength in the labor market, the Mortgage Bankers’ Association expects purchase activity to pick up in the coming months.

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Getting even more serious- year over year down 6%:

Mtg apps, Euro zone industrial production

Highlights

The purchase index fell for a fourth straight week and down steeply, at a 6.0 percent rate which is not only the weekly change but also the yearly change as well. The report attributes the fall to “renewed uncertainty about the domestic and global economy” which it said held buyers off the market. But citing strength in the labor market, the Mortgage Bankers’ Association expects purchase activity to pick up in the coming months.

Mtg apps, Euro zone industrial production

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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