Average Mortgage Purchasing Index (Jan 11)
Mortgage Refi’s (Jan 11)
Purchase index back on uptrend, refi way up. Lower rates and return of market functioning coming together nicely.
Still looks like housing could have bottomed October/November, but jury is still out pending data and revisions.
JP Morgan mtg revenue spiked up as JPM gains market share in mtg markets.
Houses are cheaper, lenders aggressive with real buyers, and income has continued higher.
See Mortgage applications soar.
Consumer Price Index MoM (Dec)
CPI Ex Food & Energy MoM (Dec)
Consumer Price Index YoY (Dec)
CPI Ex Food & Energy YoY (Dec)
See Food/fuel/$ bakes in core.
Industrial Production (Dec)
Graph looks OK – holding its own!
Capacity Utilization (Dec)
Drifting off some, but still at a relatively high level.
NAHB Housing Market Index (Jan)