MBA Mortgage Applications (week ended 1/8/2020)
- Purchase Index week/week +8.0%. Previous weeks were -0.8% -5.0%, +2.0%, -5.0%, 9.9%, +4.0%, +4.0%, 3.0%, -1.0%, +0.2%, -2.0%, -2.0%, -2.0%, and -2.0%
- Refinance Index week/week +20.0% . Previous weeks were -6.0%, +4.0%, +1.0%, +2.0%, -5.0%, +3.8%, -2.0%, +1.0%, +6.0%, +3.0%, +0.2%, -0.3%, +8.0%, and -7.0%
- Composite Index week/week +16.7%. Previous weeks were -4,2%, +0.8%. +1.1%, -1.2%, -0.6%, 5.0%, -0.3%, -0.5%, +3.8%, +1.7%, -0.6%, -0.7%, +4.8%, -4.8%, and +6.8%
Source: MBA Details: https://www.mba.org/2021-press-releases/january/mortgage-applications-increase-in-latest-mba-weekly-survey
CPI (December 2020)
- CPI month/month 0.4%. Previous was +0.2%
- CPI year/year 1.4%. Previous was +1.2%
- Core CPI (Ex-Food & Energy) month/month 0.1%. Previous was +0.2%
- Core CPI (Ex-Food & Energy year/year 1.6%. Previous was 1.6%
Lower core inflation is the key to lower interest rates.
Source: BLS Details: https://www.bls.gov/news.release/cpi.toc.htm
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