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December 12, 2012

Purchase Applications up, Import/Export Prices down.

December 12, 2012

Purchase Applications up, Import/Export Prices down.

MBA Mortgage Applications (week ended 12/7/2012)

Purchase Index Week/Week 1.0%
Refinance Index Week/Week 8.0%
Composite Index Week/Week +6.2%

The number of purchase application has increased for 5 consecutive weeks. The above data are seasonally adjusted. The unadjusted Purchase Index decreased 4% compared with the previous week and was 9% higher than the same week one year ago.

Import and Export Prices (November 2012)

Export Prices – Month/Month -0.7%
Export Prices – Year/Year 0.7%
Import Prices – Month/Month -0.9%
Import Prices – Year/Year -1.6%

These data indicate restrained inflation reports tomorrow (PPI) and Friday (CPI).