Fundamentals 10/26: Home Sales, Mortgage Apps
Durable Goods Orders (September)
-New Orders – Month/Month -0.8 %
-Ex-transportation – Month/Month 1.7 %
-It is possible that this indicates that the GDP gains in 3rdQ will not be matched by the 4thQ. The flattening of the leading Consumer Metrics data is still there.
-New Home Sales (seasonally adjusted annual rate) 313,000.
-Previous was 295,000. Consensus was 302,000.
MBA Mortgage Applications
-Purchase Index, Week/Week +6.4 %
-Refinance Index, Week/Week +4.4 %
-Composite Index, Week/Week +4.9 %
-The is week/week data and the previous week had a holiday making this data of minimal value.