The 30-year fixed-rate mortgage averaged 6.81%, down from last week when it averaged 6.84%, Freddie Mac reported.
Wood Markets News
US Personal Income and Outlays for October
Personal income increased 0.6% at a monthly rate in October; disposable personal income increased 0.7%; and personal consumption expenditures increased 0.4%.
Canadian Real GDP Increases 0.3% in Q3
Canadian real GDP in Q3 increased 0.3% on a quarterly basis, after rising 0.5% in both Q1 and Q2.
Inter IKEA Group Acquires Forestlands in Latvia
The Inter IKEA Group has signed an agreement to acquire its first set of forestlands in Latvia.
US Real GDP Increases at an Annual Rate of 2.8% in Q3, BEA Reports in Its “Second” Estimate
Real GDP increased at an annual rate of 2.8% in Q3, following a reported increase of 3.0% in Q2.
US Weekly Initial Jobless Claims Decline in the Week Ending November 23rd
The advance figure for seasonally adjusted initial unemployment claims was 213,000, a decrease of 2,000 from the previous week’s revised level.
Mortgage Applications Increase in the Week Ending November 22nd—Third Straight Increase
Mortgage loan application volume increased 6.3% on a seasonally adjusted basis from one week earlier, MBA reported.
Canadian Payroll Employment and Vacancy Data for September
The number of employees receiving pay and benefits from their employer declined 0.3%, or 57,400 positions, in September, following little change in August.
New US Residential Single-Family Home Sales Tumble 17.3% in October
New residential single-family home sales for October were at a SAAR of 610,000, 17.3% below the revised September rate of 738,000.
FHFA Home Price Index Increases 4.3% Year-Over-Year in Q3
The FHFA House Price Index rose 4.3% year-over-year in Q3. When compared to Q2, prices were up 0.7%.