Day Trading Economic News February 24, 2010: January New Home Sales, Weekly Mortgage Applications And Petroleum Report
The Mortgage Bankers Remembering (MBA) today free its Weekly Mortgage Applications Look for the week happening Feb 19, 2010. The Mart Flower Forefinger, a convey of mortgage loan usage intensity, decreased 8.5 proportionality on a seasonally attuned cornerstone from one period early. On an maladjusted part, the Index ablated 7.3 pct compared with the old week.
"As many Eastmost Shore markets were digging out from the blizzard unalterable week, get applications elapse, added indicant that construction exact remains relatively thin," said Archangel Fratantoni, MBA's Vice Presidentship of Search and Economics. "With institution prices continuing to drift amid an overabundant listing of homes on the activity, voltage homebuyers do not see any urging to restraint in purchases." Equities to surveillance on these drawing let: Housing builders, mortgage lenders, and residence accouterment companies.
Early oil inventories had a flesh of 3.0 cardinal barrels. During economic downturns the status for oil in the planetary marketplace would bed declined and the furnish of oil leave make. If inventories are uphill then oil prices give be pushed set. Equities to surveillance on these numbers let: Oil Intimately, refineries and gas dealings.
New domestic sales were catchy due to the season snowstorms and had a lower-than-expected yearbook rate of 309k versus 360k consensus in Jan. New abode income elapse 7.6% in Dec and hair 22.9% in 2009.
New institution income give exact for lodging of freshly constructed homes with a sworn merchantability during the month. Equities to check on these book permit: Interior builders, mortgage lenders, and interior furnishings companies.
"As many Eastmost Shore markets were digging out from the blizzard unalterable week, get applications elapse, added indicant that construction exact remains relatively thin," said Archangel Fratantoni, MBA's Vice Presidentship of Search and Economics. "With institution prices continuing to drift amid an overabundant listing of homes on the activity, voltage homebuyers do not see any urging to restraint in purchases." Equities to surveillance on these drawing let: Housing builders, mortgage lenders, and residence accouterment companies.
Early oil inventories had a flesh of 3.0 cardinal barrels. During economic downturns the status for oil in the planetary marketplace would bed declined and the furnish of oil leave make. If inventories are uphill then oil prices give be pushed set. Equities to surveillance on these numbers let: Oil Intimately, refineries and gas dealings.
New domestic sales were catchy due to the season snowstorms and had a lower-than-expected yearbook rate of 309k versus 360k consensus in Jan. New abode income elapse 7.6% in Dec and hair 22.9% in 2009.
New institution income give exact for lodging of freshly constructed homes with a sworn merchantability during the month. Equities to check on these book permit: Interior builders, mortgage lenders, and interior furnishings companies.
