- Applications to purchase a house increase, while applications to refinance decrease a bit.
- Modest decrease in rates on 30-year fixed-rate loans.
- Average loan size decrease very modestly.
Introducing
Carol Stone, CBE
in:Our Authors
Carol Stone, CBE came to Haver Analytics in 2003 following more than 35 years as a financial market economist at major Wall Street financial institutions, most especially Merrill Lynch and Nomura Securities. She has broad experience in analysis and forecasting of flow-of-funds accounts, the federal budget and Federal Reserve operations. At Nomura Securites, among other duties, she developed various indicator forecasting tools and edited a daily global publication produced in London and New York for readers in Tokyo. At Haver Analytics, Carol is a member of the Research Department, aiding database managers with research and documentation efforts, as well as posting commentary on select economic reports. In addition, she conducts Ways-of-the-World, a blog on economic issues for an Episcopal-Church-affiliated website, The Geranium Farm. During her career, Carol served as an officer of the Money Marketeers and the Downtown Economists Club. She has a PhD from NYU's Stern School of Business. She lives in Brooklyn, New York, and has a weekend home on Long Island.
Publications by Carol Stone, CBE
USA| Dec 04 2024U.S. Mortgage Applications Rise Slightly in November 29 Week
USA| Nov 27 2024U.S. Jobless Claims Ease 2,000 in November 23 Week
- Initial claims down slightly in last two weeks.
- Continued claims up moderately in mid-November.
- Insured unemployment rate again at 1.3% after 20 months at 1.2%.
USA| Nov 15 2024U.S. Industrial Production Down Again with Boeing Strike and Hurricane Effects Continuing
- Total production down 0.3% in October with downward revision to September.
- Manufacturing output down 0.5%.
- Capacity utilization rate in manufacturing lowest since early 2021.
USA| Nov 14 2024U.S. Unemployment Insurance Claims Ease 4,000 in Latest Week
- Jobless claims on very slight downward trend.
- Continuing claims also easing very gradually.
- State insured unemployment rates range from 0.25% to 2.19% in October 26 week.
USA| Nov 07 2024U.S. Unemployment Insurance Claims Little Changed in Latest Week
- Initial claims increase just 3,000 in November 2 week.
- Continuing claims rise 39,000 in October 26 week.
- Insured unemployment rate still 1.2%.
- Initial claims down 12,000 in latest week.
- Total unemployment insurance beneficiaries decrease 26,000 in October 19 week.
- Insured unemployment rate revised down, maintaining 1.2% amount even during hurricanes.
USA| Oct 29 2024U.S. Energy Prices Mixed: Gasoline Down, Crude Oil Up
- Gasoline down just 5 cents a gallon, but crude oil up 14 cents a barrel.
- Gasoline demand up modestly.
- Crude oil inventories rise, in both quantity and days’ supply.
- Largest weekly increase in initial claims since July 2021.
- Continuing claims up 42,000 in Sept. 28 week, largest since last January.
- Insured unemployment rate holds at 1.2%.
- Jobless claims hold steady pattern.
- Continuing claims ease just 1,000 in Sept. 21 week.
- Insured unemployment rate holds at 1.2% for 18 months.
USA| Oct 02 2024U.S. Mortgage Loan Applications Fall Slightly in Sept. 27 Week
- Loan applications to purchase a house rose somewhat while applications to refinance fell.
- Rates changed only marginally in latest week.
- Loan size decreased modestly with refinancing size averaging somewhat lower.
- Loans to refinance jump 24.2% in latest week, now more than half the total number.
- Rates on all loan types decrease again.
- Average loan size increased again for both purchase loans and refinancings.
USA| Sep 13 2024Borrowing in U.S. Markets Up Slightly in Q2
- Q2 credit demand was 14.7% of GDP, somewhat larger than Q1’s 14.0%.
- Federal government continues as largest borrowing sector.
- Household and businesses each borrowed about $600 billion in Q2.
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