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June 27, 2012

Data Roundup: Mortgage Apps, Pending Home Sales, Durable Goods

June 27, 2012

Data Roundup: Mortgage Apps, Pending Home Sales, Durable Goods

Rates steady today after the following data. MBS markets await Europe summit.

Mortgage Applications (week ended 6/22/2012)
-Purchase Index, week/week -1.0%
– Refinance Index, week/week -8.0%
– Composite Index, week/week -7.1%

Pending Home Sales (May 2012)
– Pending Home Sales Index – 101.1. Previous was 95.5.
– Highest in 2yrs, but recovery is still modest
Full report from NAR

Durable Goods Orders (May 2012)
– New Orders, Month/Month +1.1%
– New Orders, Year/Year +4.6%
– Ex-transportation, Month/Month +0.4%
– Ex-transportation, Year/Year +3.8%
– Let’s call this “good but not great.” There is a lot of month-to-month bounce in DGO and there is no point is cheeering or crying over one month’s worth of data.