U.S. Mortgage Applications Pulled Back Sharply Last Week

RTTNews | 861 hari yang lalu
U.S. Mortgage Applications Pulled Back Sharply Last Week

(RTTNews) - The Mortgage Bankers Association released a report on Wednesday showing a sharp pullback by U.S. mortgage applications in the week ended May 24th.

The MBA said the Market Composite Index, a measure of mortgage loan application volume, plunged by 5.7 percent last week after jumping by 1.9 percent in the previous week.

"Mortgage rates increased for the first time in four weeks, with the 30-year fixed rate up to 7.05 percent and all other loan types also seeing increases," said Joel Kan, MBA's Vice President and Deputy Chief Economist.

"The uptick in rates led to a decline in mortgage applications heading into Memorial Day weekend," he added. "Both purchase and refinance applications fell, pushing overall activity to the lowest level since early March."

The report said the Refinance Index plummeted by 14 percent compared to the previous week, while the Purchase Index decreased 1 percent from one week earlier.

baca selengkapnya
Fed Minutes Reveal Officials Expect Another Rate Hike This Year

Fed Minutes Reveal Officials Expect Another Rate Hike This Year

Most Federal Reserve officials expect to once again raise interest rates before the end of the year, according to the minutes of the central bank's September monetary policy meeting released on Wednesday. The Fed said, "Most participants assessed that another increase in the target range for the federal funds rate would likely be appropriate by year end."
RTTNews | 11 jam 50 menit yang lalu
U.S. Trade Deficit Widens To Seventeen-Month High In August

U.S. Trade Deficit Widens To Seventeen-Month High In August

A report released by the Commerce Department on Tuesday showed the U.S. trade deficit widened by more than expected in the month of August. The Commerce Department said the trade deficit increased to $105.6 billion in August from a revised $92.8 billion in July.
RTTNews | 1 hari yang lalu
U.S. Services Index Indicates Modestly Slower Growth In September

U.S. Services Index Indicates Modestly Slower Growth In September

A report released by the Institute for Supply Management on Monday showed a modest slowdown in the pace of growth in U.S. service sector activity in the month of September. The ISM said its services PMI dipped to 54.9 in September after rising to 55.4 in August, although a reading above 50 still indicates growth. Economists had expected the index to edge down to 55.0.
RTTNews | 2 hari yang lalu
U.S. Factory Orders Inch Up In Line With Estimates In August

U.S. Factory Orders Inch Up In Line With Estimates In August

A report released by the Commerce Department on Friday showed a slight uptick in new orders for U.S. manufactured goods in the month of August. The Commerce Department said factory orders crept up by 0.1 percent in August after climbing by a downwardly revised 0.8 percent in July.
RTTNews | 5 hari yang lalu
U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected

U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected

The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of September. The report said non-farm payroll employment rose by 29,000 jobs in September after jumping by a downwardly revised 133,000 jobs in August. Economists had expected employment to increase by 85,000 jobs.
RTTNews | 5 hari yang lalu
U.S. Construction Spending Unexpectedly Increases In August

U.S. Construction Spending Unexpectedly Increases In August

A report released by the Commerce Department on Thursday showed an unexpected increase in U.S. construction spending in the month of August. The Commerce Department said construction spending climbed by 0.9 percent to an annual rate of $2.203 trillion in August after edging down by 0.1 percent to a revised rate of $2.185 trillion in July.
RTTNews | 6 hari yang lalu