MBA Mortgage Applications

Purchase Index - Week/Week +2.1 %
Refinance Index - Week/Week +11.2 %
Composite Index - Week/Week +9.3 %

Refinancing activity was driven by the extremely low rates of last week.

Purchases are so small that a 2.1% bump is not that meaningful.

Durable Goods Orders

New Orders - Month/Month  -0.1 %
New Orders - Year/Year 12.3 %
Ex-transportation - Month/Month  -0.1 %
Ex-transportation - Year/Year   +7.8 %

Mixed message here.  Year/Year is good.  Month/month is weak.

GDP 3rd estimate is tomorrow.  This is called the "final estimate" even though it can get revised for the next 6 years.  With the data this weak the discretionary "corrections" made by BEA may be overwhelming the actual data.