US Mortgage Rate Eases to 5.49% but Applications Decline by Double Digits
(CNBC) The rate on the 30-year mortgage in the US slowed to 5.49% last week from 5.53% amid a decline in the number of people seeking financing to purchase a…
(CNBC) The rate on the 30-year mortgage in the US slowed to 5.49% last week from 5.53% amid a decline in the number of people seeking financing to purchase a…
(ONS) The UK Consumer Prices Index surged by 9% in the 12 months to April 2022, accelerating from an increase of 7.0% in March. Including owner occupiers’ housing costs, inflation…
(NAHB) The homebuilder sentiment in the US dropped by 8 points to 69 in May, its lowest level since June 2020. The builder sentiment decline happens for the fifth consecutive…
(Census Bureau) The US posted total retail and food services sales of $677.7 billion in April, up 0.9% from the previous month. The increase in retail sales was marginally lower…
(Eurostat) Gross domestic output rose by 0.3% in the euro area in the first quarter of 2022, the same as the last quarter of 2021. In the EU, GDP grew…
(NewYorkFed) The index gauging the general business conditions in New York city plunged by 36 points to a contraction zone of minus 11.6 in May. The fall in manufacturing conditions…
Source: Eurostat The Euro area recorded a trade deficit of 16.4 billion euros in March compared to a surplus of 22.5 billion euros in the prior year. DAX is down…
(NBS) China’s retail sales plunged 11.1% from the prior, marking its biggest drop since March 2020, as Covid-19 lockdowns halted the activity. Most other parameters also went lower in April,…
(University of Michigan) The Index of Consumer Sentiment in the US was recorded at 59.1 in early May, declining by 9.4% from the previous month. The index came short of…
(BLS) US wholesale prices jumped by 0.5% in April, a slower increase compared to 1.6% the previous month and 1.1% in February. The smaller jump in producer prices in February…
(ONS) The gross domestic product in the UK declined by 0.1% in March as weaknesses persisted following a no-growth status in February. The main contributor of the GDP slowdowns in…
(BLS) Consumer prices in the US rose by 0.3% in April from the previous month, a slower gain compared to an increase of 1.2% in March. The food index increased…