The 30-year fixed-rate mortgage averaged 6.63%, down from last week when it averaged 6.69%, Freddie Mac reported.
News in end use
Private Sector Job Cuts Surge Month-Over-Month in January
According to Challenger, Gray & Christmas, US-based employers announced 82,307 job cuts in January, a 136% increase from 34,817 cuts announced in December.
US Weekly Jobless Claims Increase in the Week Ending January 27th
The advance figure for seasonally adjusted initial unemployment claims was 224,000, an increase of 9,000 from the previous week’s revised level of 215,000.
Mortgage Applications Decline in the Week Ending January 26th
Mortgage loan application volume decreased 7.2% on a seasonally adjusted basis from one week earlier, MBA reported.
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%.