- Mortgage applications fell for the second consecutive week.
- Purchase applications & refinancing applications both fell.
- The effective interest rate on a 30-year fixed-rate loan rose, while other rates edged down.
Introducing
Kathleen Stephansen, CBE
in:Our Authors
Kathleen Stephansen is a Senior Economist for Haver Analytics and an Independent Trustee for the EQAT/VIP/1290 Trust Funds, encompassing the US mutual funds sponsored by the Equitable Life Insurance Company. She is a former Chief Economist of Huawei Technologies USA, Senior Economic Advisor to the Boston Consulting Group, Chief Economist of the American International Group (AIG) and AIG Asset Management’s Senior Strategist and Global Head of Sovereign Research. Prior to joining AIG in 2010, Kathleen held various positions as Chief Economist or Head of Global Research at Aladdin Capital Holdings, Credit Suisse and Donaldson, Lufkin and Jenrette Securities Corporation.
Kathleen serves on the boards of the Global Interdependence Center (GIC), as Vice-Chair of the GIC College of Central Bankers, is the Treasurer for Economists for Peace and Security (EPS) and is a former board member of the National Association of Business Economics (NABE). She is a member of Chatham House and the Economic Club of New York. She holds an undergraduate degree in economics from the Universite Catholique de Louvain and graduate degrees in economics from the University of New Hampshire (MA) and the London School of Economics (PhD abd).
Publications by Kathleen Stephansen, CBE
USA| May 01 2024U.S. Mortgage Applications Decreased for a Second Week
USA| Apr 10 2024U.S. Mortgage Applications Inched Up in the Latest Week
- Mortgage applications rose slightly in the first week of April.
- Applications to purchase a loan fell but applications to refinance jumped.
- All rates on mortgage loans rose in the latest week.
USA| Apr 03 2024U.S. Mortgage Applications Fell in the Latest Week
- Mortgage applications fell for the third consecutive week.
- Purchase & loan refinancing applications refinancing slip.
- Rates on 30-year fixed-rate mortgage loans decline slightly.
USA| Mar 28 2024U.S. Initial Unemployment Insurance Claims Stay Low
- Initial claims are range bound.
- Continuing claims rise to a narrow range eight-week high.
- Insured unemployment rate remains steady.
USA| Mar 06 2024U.S. Mortgage Applications Rose in the March 1st Week
- Mortgage loan applications jumped in the latest week.
- Purchase loan applications rose after five consecutive weekly declines.
- 30-year fixed-rate mortgage was little changed in the last week.
USA| Feb 29 2024Chicago Business Barometer Falls Again in February
- The headline index fell to 44.0, pointing to on-going decline in activity.
- The employment and production subindexes declined 6.0 points.
- Input prices continued to rise at a slow pace.
USA| Feb 28 2024U.S. Mortgage Applications Fell Again in the Latest Week
- Mortgage loan applications decline for third consecutive week.
- Purchase loan applications decline for fifth consecutive week.
- 30-year fixed-rate mortgage eased only slightly in the last week.
USA| Feb 07 2024U.S. Mortgage Applications Rose in the Latest Week
- Applications for loans to purchase eased in the latest week.
- Applications to refinance a loan jumped 12.3%.
- The effective 30-year fixed rate was steady in the latest week.
USA| Jan 25 2024U.S. Jobless Claims Rebounded in The January 20 Week
- January 20 week’s initial claims up 25,000.
- Continuing claims up 27,000 in January 13 week.
- Insured unemployment rate steady at 1.2%.
USA| Jan 17 2024U.S. Mortgage Applications Rose Sharply in the Latest Week
- Total mortgage applications surged 10.4% in the week ended January 12.
- Applications for loans to purchase and to refinance also posted strong rises.
- The average effective rates on fixed-rate loans dropped in the latest week.
USA| Jan 11 2024U.S. Jobless Claims Inched Down in the January 6 Week
- Latest week’s initial claims lower than forecast.
- December 30 week’s continuing claims down 34,000 from prior week.
- Insured unemployment rate at 1.2%, down slightly from prior week’s 1.3%.
USA| Jan 10 2024U.S. Mortgage Applications Rebounded in the First Week of 2024
- Total mortgage applications rose sharply in the first week of January.
- Applications for loans to purchase and to refinance also rose in the first week of 2024.
- The average effective rates on loans started the year higher than the last week in December.
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