Mortgage loan application volume decreased 7.2% on a seasonally adjusted basis from one week earlier, MBA reported.
News in end use
ADP Reports Increased Private Sector Employment and Compensation Gains in January
Nonfarm private sector employment increased by 107,000 jobs in January and annual pay was up 5.2% year-over-year, ADP reported.
Canadian Real GDP Expanded 0.2% in November
Canadian real GDP grew 0.2% in November, after being essentially flat for the previous three months. Overall, 13 out of 20 industrial sectors posted gains.
Home Price Growth Decelerates in November, S&P CoreLogic Case-Shiller Index Shows
The S&P CoreLogic Case-Shiller US National Home Price NSA Index reported an annual gain of 5.1% in November, up from a 4.7% rise in October.
FHFA House Price Index Increases Month-Over-Month and Year-Over-Year in November
The FHFA House Price Index increased 6.6% year-over-year in November. FHFA’s seasonally adjusted monthly index for November was up 0.3% from October.
US Consumer Confidence Index Rises for Third Consecutive Month in January
The Conference Board Consumer Confidence Index® (CCI) rose to a reading of 114.8 (1985=100) in January, up from a revised December reading of 108.0.
US Job Openings and Labor Turnover Summary Released for December
As of the last business day in December, the number of job openings changed little at 9.0 million. The job opening rate was unchanged at 5.4%.
Lower Mortgage Rates Increase Homebuyers’ Purchasing Power
A homebuyer with a $3,000 monthly budget has gained nearly $40,000 in purchasing power since mortgage rates peaked last year, Redfin reported.
Canadian Payroll Employment Declines in November
Canadian payroll employment declined by 88,300, or 0.5%, in November. This follows a decline of 24,000, or 0.1%, in October.
US Pending Home Sales Grow 8.3% Month-Over-Month in December
The National Association of Realtors® Pending Home Sales Index was 8.3% higher in December, climbing to a reading of 77.3.