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Data Roundup: Mortgage Apps, Pending Home Sales, Durable Goods
Wednesday, June 27, 2012 15:38
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Rates steady today after the following data. Markets await Europe summit.
Mortgage Applications (week ended 6/22/2012)
-Purchase Index, week/week -1.0%
- Refinance Index, week/week -8.0%
- Composite Index, week/week -7.1%
Pending Home Sales (May 2012)
- Pending Home Sales Index – 101.1. Previous was 95.5.
- Highest in 2yrs, but recovery is still modest
- Full report from NAR
Durable Goods Orders (May 2012)
- New Orders, Month/Month +1.1%
- New Orders, Year/Year +4.6%
- Ex-transportation, Month/Month +0.4%
- Ex-transportation, Year/Year +3.8%
- Let’s call this “good but not great.” There is a lot of month-to-month bounce in DGO and there is no point is cheeering or crying over one month’s worth of data.
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