March 10, 2021

MBA Mortgage Applications (week ended 3/5/2021) 

- Purchase Index week/week  +7.0%.  Previous weeks were +2.0%, -12.0%, -6.0%, -5.0%, +0.1%, -4.0%, 3.0%, +8.0%,-0.8%,-5.0%, +2.0%, -5.0%, 9.9%, and +4.0%

- Refinance Index week/week -5.0%.  Previous weeks  were +0.1%, -11.0%, -5.0%, -4.0%, 11.0%, -5.5%, -5.0%, +20.0%,  -6.0%, +4.0%, +1.0%, +2.0%, -5.0%, and +3.8%

- Composite Index week/week -1.3%. Previous weeks were +0.5%, -11.4%, -5.1%, -4.1%,8.1%, -4.1%, -1,9%, +16.7%,-4.2%, +0.8%. +1.1%, -1.2%, -0.6%, 5.0%, -0.3%, and  -0.5%.

Source:  MBA    Details:  https://www.mba.org/2021-press-releases/march/mortgage-applications-decrease-in-latest-mba-weekly-survey

 

CPI  (February 2021)

- CPI - month/month  0.4%. Previous was +0.3%

- CPI year/year     1.7%. Previous was +1.4%

- Ex-Food & Energy month/month     0.1%. Previous was 0.0%

- Ex-Food & Energy year/year        1.3%. Previous was +1.4%

Inflation remains well contained,  The key number is core at +0.1% month/month and +1.3% year/year

Source:  BLS  Derails: https://www.bls.gov/news.release/cpi.nr0.htm