News in end use

The 30-year fixed-rate mortgage averaged 7.57%, up from last week when it averaged 7.49%, according to Freddie Mac.

The Consumer Price Index for All Urban Consumers increased 0.4% in September, on a seasonally adjusted basis, after increasing 0.6% in August.

The advance figure for seasonally adjusted initial unemployment claims was 209,000 during the week ending October 7th, unchanged from the previous week.

The total monthly value of building permits in Canada increased 3.4% in August to $11.9 billion (CAD). On a constant dollar basis, the value was up 4.3% to $6.9 billion.

Mortgage loan application volume increased 0.6% on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association.

The Producer Price Index (PPI) for final demand, seasonally adjusted, increased 0.5% in September.

Consumer credit outstanding reached $4.97 trillion (SAAR) in August, a monthly decrease of $15.6 billion, according the Federal Reserve and NAHB.

The Mortgage Bankers Association’s Mortgage Credit Availability Index increased 0.6% to a reading of 97.2 in September.

The NFIB Small Business Optimism Index (SBOI) declined 0.5 points to a reading of 90.8 in September.

In September, the Fannie Mae Home Purchase Sentiment Index® declined by 2.4 points to a reading of 64.5 as elevated mortgage rates continued to dampen already gloomy consumer housing sentiment.