- Purchase applications strongest since June.
- Applications for loan refinancing extend downtrend.
- Mortgage rates decline, but still above end-2021 levels.
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
- General business conditions seen slightly positive.
- Shipments and delivery times increase; new and unfilled orders down somewhat
- Prices paid index and prices received both increase.
- Initial claims up just 7,000 in the week ended November 5.
- Continued weeks claimed just barely increase.
- Insured unemployment rate holds near record low.
USA| Oct 27 2022U.S. Initial Claims for Unemployment Insurance in Slight Rise
- Claims hold to low nationwide total.
- Continued weeks claimed up modestly.
- Insured unemployment rate remains near 51-year record low.
USA| Oct 26 2022U.S. Mortgage Applications Continue in Steep Decline
- Total applications lowest since April 1997.
- Purchase applications decrease again; refinance loan volume holds steady.
- Effective rate on 30-year fixed-rate mortgages up another 21 basis points.
USA| Oct 18 2022U.S. Home Builder Index in Marked Downtrend
- Present & expected sales decline
- Traffic of prospective buyers weakens
- Housing market conditions actually edge upward in the Northeast
- Initial filings rise modestly in October 8 week.
- Continued weeks claimed maintain recent tight range.
- Insured unemployment rate still holds near-record low.
USA| Oct 04 2022JOLTS: Job Openings Fall Sharply, But Hires Still Increase
- The number of job openings drop 10.0% in August.
- New hires rise 39,000.
- But separations increase, reversing much of their July decline.
USA| Sep 29 2022U.S. Initial Unemployment Insurance Claims Fall Unexpectedly
- Smallest number of initial claims since mid-April.
- Continued weeks claimed fall again.
- Insured unemployment rate holds at 1%.
USA| Sep 28 2022U.S. Mortgage Applications Reverse Prior Week's Increase
- Total mortgage applications decrease 3.7% in the week of September 23.
- Applications for loans to purchase and to refinance both decreased.
- The average effective rates on all mortgage types advanced in the September 23 week.
USA| Sep 27 2022U.S. Energy Prices Remain Mixed, Reverse Moderately
- Gasoline prices turn modestly higher.
- But crude oil prices turned down.
- Natural gas prices also declined.
- Q2 borrowing decreases but still sizable for non-COVID periods.
- Total business – corporate and noncorporate together – had the largest sectoral credit demand.
- Household and federal government borrowing both decreased.
- Household net worth and U.S. total net wealth also fell.
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