News in end use

Freddie Mac has released its Primary Mortgage Market Survey® (PMMS) for the week ending December 29, 2022. The PMMS reports […]

The US Department of Labor is reporting that seasonally adjusted an additional 225,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, December 24, 2022. This is an increase of 9,000 from the previous week’s unrevised level of 216,000.

The National Association of Realtors® (NAR) reported on Wednesday (12-28-22), that their Pending Homes Sales Index (PHSI) which is based […]

The Bureau of Economic Analysis released today its “third” estimate for 2022Q3 real gross domestic product (GDP). According to the report, US GDP increased at an annual rate of 3.2% in Q3, following declines of 0.6% in Q2 and 1.6% in Q1.

Freddie Mac has released its Primary Mortgage Market Survey® for the week ending December 22, 2022. The 30-year fixed-rate mortgage averaged 6.27%, down from last week when it averaged 6.31%. A year ago at this time, the 30-year rate averaged 3.05%.

The Conference Board Leading Economic Index® (LEI) for the US in November declined 1.0% in November to a reading of 113.5 (2016=100), following a 0.9% decline in October and a 0.5% drop in September. The LEI has dropped 3.7% over the six-month period from May to November.

The US Department of Labor is reporting that the advance figure for seasonally adjusted initial unemployment claims was 216,000 during the week ending on Saturday, December 17, 2022. This is an increase of 2,000 from the previous week’s revised level of 214,000 (originally reported as 211,000).

The Mortgage Bankers Association reported on Thursday that according to its Purchase Applications Payment Index, which measures how new monthly mortgage payments vary across time (relative to income), homebuyer affordability improved in November. The national median payment applied for by applicants dropped 1.8%.

According to data from the Mortgage Bankers Association’s Weekly Mortgage Application Survey, for the week ending December 16th, the Market Composite Index (a measure of mortgage loan application volume) increased 0.9% on a seasonally adjusted basis from one week earlier.

Statistics Canada reported today that the Consumer Price Index increased 6.8% year-over-year in November, following a 6.9% increase in October. Excluding food and energy, prices rose 5.4% year-over-year in November, following a gain of 5.3% in October.