- Loans to purchase and to refinance dropped in the latest week.
- Rates fell modestly.
- Average loan size declined.
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| Sep 06 2023U.S. Mortgage Applications Dropped in Latest Week
USA| Aug 31 2023U.S. Chicago Business Barometer Improves Again in August
- Index remains below the 50-expansion level.
- New orders & production indexes rise above the expansion level.
- Prices paid index rebounds.
USA| Aug 17 2023Initial Claims Eased in the Latest Week
- Initial claims declined 11,000 to 239,000 in the week of August 12.
- Continuing claims rose a moderate 32,000 in the week of August 5.
- Insured unemployment rate inched up to 1.2% in the week of August 5.
USA| Aug 15 2023Empire State Factory Index Fell Sharply in August
- New York business activity fell sharply in August.
- Components were weak.
- Expectations six months ahead improved.
USA| Aug 10 2023Initial Claims Rose in the First Week of August
- Initial claims rose more than expected in the latest week.
- Continuing claims declined marginally.
- Insured unemployment rate holds steady at just 1.1%.
USA| Jul 28 2023U.S. Employment Cost Index Slows Modestly in Q2
- Compensation growth for all workers slows in Q2.
- Wages grew 1.0% q/q and benefits grew 0.9% q/q in Q2.
- Compensation in goods-producing industries was weaker than in service-providing industries.
USA| Jul 27 2023U.S. Durable Goods Orders Surprised Again on the Upside in June
- Total orders jumped 4.7% in June.
- Ex-transportation, orders rose a more modest 0.6%.
- Shipments of durable goods rose 0.3%, while total inventories were largely unchanged.
USA| Jul 13 2023U.S. Initial Unemployment Claims Dropped in the Latest Week
- Claims declined 12,000 in the week ending July 8.
- Insured unemployment claims rose 11,000 in the week ending July 1.
- The insured unemployment rate was left unchanged at 1.2% for the 11th straight week.
USA| Jul 06 2023U.S. Mortgage Applications Declined in the Latest Week
- Mortgage applications declined in the week ended June 30 after three consecutive weekly increases.
- The effective rates on fixed loans rose in the latest week, while the adjustable rate declined.
- The average loan size declined in the latest week.
- May 27 week initial claims up 2,000.
- May 20 continuing claims up 6,000.
- Insured unemployment rate holds steady for 5th straight week.
USA| May 31 2023U.S. Mortgage Applications Continue to Decline
- Mortgage applications posted their third consecutive weekly decline in the week ended May 26.
- The effective rates on fixed loans rose sharply in the latest week.
- The average loan size declined in the latest week.
USA| May 03 2023U.S. Mortgage Applications Declined in the Latest Week
- Mortgage applications declined in the week ended April 28.
- The effective rates on fixed loans eased in the latest week.
- The average loan size rose in the latest week.
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