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.
Topics:
WARREN MOSLER considers the following as important: Economic Releases
This could be interesting, too:
WARREN MOSLER writes Consumer sentiment, real retail sales, industrial production, wages
WARREN MOSLER writes New manufacturers orders, vehicle sales, unemployment claims, rents, oil prices
WARREN MOSLER writes Saudi price hike, private payrolls, new hires, corporate profits
WARREN MOSLER writes Pending home sales, Durable goods orders, oil rigs and production
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.