• Mortgage applications rose only marginally. • Decline in purchase applications offset by increase in refinancing. • Mortgage interest rates mostly lower. The Mortgage Bankers Association Mortgage Loan Applications Index edged up [...]
Introducing
Sandy Batten
in:Our Authors
Sandy Batten has more than 30 years of experience analyzing industrial economies and financial markets and a wide range of experience across the financial services sector, government, and academia. Before joining Haver Analytics, Sandy was a Vice President and Senior Economist at Citibank; Senior Credit Market Analyst at CDC Investment Management, Managing Director at Bear Stearns, and Executive Director at JPMorgan. In 2008, Sandy was named the most accurate US forecaster by the National Association for Business Economics. He is a member of the New York Forecasters Club, NABE, and the American Economic Association. Prior to his time in the financial services sector, Sandy was a Research Officer at the Federal Reserve Bank of St. Louis, Senior Staff Economist on the President’s Council of Economic Advisors, Deputy Assistant Secretary for Economic Policy at the US Treasury, and Economist at the International Monetary Fund. Sandy has taught economics at St. Louis University, Denison University, and Muskingun College. He has published numerous peer-reviewed articles in a wide range of academic publications. He has a B.A. in economics from the University of Richmond and a M.A. and Ph.D. in economics from The Ohio State University.
Publications by Sandy Batten
- Global| Dec 23 2020
U.S. Mortgage Applications Edge Up from Refinancing
by:Sandy Batten
|in:Economy in Brief
- Global| Dec 22 2020
Energy Prices Continue to Rise
• Gasoline prices rose to highest since mid-March. • Crude oil prices rise again to highest level since February. • Natural gas prices rebound. The price of regular gasoline was rose to $2.22 per gallon (-12.2% y/y) in the week ended [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Dec 17 2020
Philly Fed Index Points to Significant Slowdown in December
• Headline index falls 15 points to lowest level since spring low. • Component declines are broad-based. • Expectations mixed. The Federal Reserve Bank of Philadelphia reported that its General Factory Sector Business Conditions Index [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Dec 16 2020
U.S. Mortgage Applications Rebound as Rates Fall to Record Low
• Mortgage applications rise moderately. • Mortgage interest rates decline to another survey low. The Mortgage Bankers Association Mortgage Loan Applications Index rebounded modestly in the week ended December 11, rising 1.1% w/w [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Dec 15 2020
Empire State Manufacturing Index Slips in December but Components Stronger
• The headline index eased slightly. • However, components were stronger, showing a slight improvement in activity. • Employment posted its strongest performance in months. The Empire State General Business Conditions Index edged [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Dec 15 2020
Energy Prices Remain Elevated
• Gasoline prices unchanged at nine-week high. • Crude oil prices rise again to highest level since February. • Natural gas prices ease but are trending higher. The price of regular gasoline was unchanged at $2.16 per gallon (-14.9% [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Nov 30 2020
Pending Home Sales Fell Again in October
• Second monthly decline in pending home sales after four consecutive monthly increases. • Sales drop concentrated in Northeast. Pending home sales fell 1.1% m/m (+20.2% y/y) in October, their second consecutive monthly decline [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Nov 25 2020
U.S. Durable Goods Orders Rise Further in October
• Orders again surprise to upside in October with upward revision to September. • Sixth consecutive monthly increase in orders. • Shipments jumped; inventories rose; order backlogs eased. Manufacturers' orders for durable goods [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Nov 25 2020
U.S. Mortgage Applications Rebound
• Mortgage applications rebound following two weeks of decline. • Applications for both purchase and refinancing post marked increases. • Fixed mortgage rates fall to new all-time lows. The Mortgage Bankers Association Mortgage Loan [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Nov 24 2020
U.S. Energy Prices Mixed
• Crude oil price increased. • Natural gas price tumbled. • Gasoline price little changed. The price for a barrel of West Texas Intermediate crude oil increased to an average of $41.62 (-27.0% y/y) in the week ended November 20 from [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Nov 19 2020
Manufacturing Activity in Kansas City Fed District Slows in November
• Growth continued though at a slower pace than in October. • Increases in orders, production and employment slowed. • Expectations for six months ahead also ebbed slightly. The Federal Reserve Bank of Kansas City reported that its [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Nov 17 2020
U.S. Industrial Production Rebounded in October
• Industrial production increased 1.1% in October with upward revisions to both August and September. Still, production is 5.6% below its pre-pandemic February level.• Manufacturing led the rebound, rising 1.0% in October with upward [...]
by:Sandy Batten
|in:Economy in Brief
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