MBA Mortgage Applications (week ended 7/24/2020)

- Purchase Index week/week -2.0% . Previous weeks were +2.0%, -6.0%, +5.0%, -1.0%, -3.0%, +4.0%, +5.0%, +5.0%, +9.0%, +6.0%. +11.0%, +6.0%, +1.0%, and +12.0%

- Refinance Index week/week -0.4%. Previous weeks were +5.0, +12.0%, +0.4%, -2.0%, -12.0%, +10.0%, +11.0%, -9.0%, -0.2%, -6.0%, -3.0%, -2.0%, -7.0%, -1.0%, +10.0%, and -19.0%

- Composite Index week/week -0.8%. Previous weeks were 4.1%, +5.1%, +2.2%, -1.8%, -8.7%, +8.0%, +9.3%. -3.9%, +2.7%, -2.6%, +0.3%, +0.1%, -3.3%, -0.3%, and +7.3%

Purchase applications were +21.0%  year/year. Refi applications were +121.0%  year/year.

 

Source:  Mortgage Bankers Association  Details:  https://www.mba.org/2020-press-releases/july/mortgage-applications-decrease-in-latest-mba-weekly-survey-x271265

 

Goods Trade Deficit (June 2020)

- Deficit        $70.6 billion.  Previous was $75.3 billion

- Exports % change    13.9%.  Previous was 5.8%

- Imports % change    -4.8%.  Previous was -0.6%

Source:  Census Bureau   Details: https://www.census.gov/econ/indicators/advance_report.pdf

 

Retail Inventories (June 2020)

- month/month    -2.6%.  Previous was -6.2%

This is a component of 2ndQ GDP.

Source:  Census  Details: https://www.census.gov/retail/index.html

 

Wholesale Inventories (June 2020)

- month/month -2.0%    .  Previous was -1.2%

Source:  Census  Details: https://www.census.gov/wholesale/index.html

 

Pending Home Sales Index  (June 2020)

- - Pending Home Sales Index month/month +16.6% . Previous was +44.3%.

Pending Home Sales are those where there is a contract signed by both buyers and sellers.

About 95% of Pending Sales close. Most common causes of Failures are: property inspection report causes buyers to back out and appraisal does not support purchase price.

 

Source:  National Association of Realtors  Details: https://www.nar.realtor/research-and-statistics/housing-statistics/pending-home-sales