- Mortgage applications fall in three of last four weeks.
- Home purchase applications decline while refinancing edges higher.
- Mortgage interest rates continue to fall.
Introducing
Tom Moeller
in:Our Authors
Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
Publications by Tom Moeller
by:Tom Moeller
|in:Economy in Brief
- USA| Jul 23 2024
U.S. Existing Home Sales Decline to Six-Month Low in June
- Sales backpedal after Q1 increase.
- Home prices surge to another record high.
- Sales fall throughout the country.
by:Tom Moeller
|in:Economy in Brief
- USA| Jul 23 2024
U.S. Energy Prices Decline in Latest Week
- Gasoline prices weaken to four-week low.
- Crude oil price decline is to three-week low.
- Natural gas costs fall to two-month low.
by:Tom Moeller
|in:Economy in Brief
- USA| Jul 22 2024
Chicago Fed National Activity Index Dips in June
- Firming trend remains in place.
- Breadth of component increases improves.
by:Tom Moeller
|in:Economy in Brief
- USA| Jul 19 2024
FIBER: Industrial Commodity Prices Fall in Latest Four Weeks
- Rubber & textile prices decline.
- Energy price increase paced by crude oil.
- Metals prices mostly improve.
by:Tom Moeller
|in:Economy in Brief
- USA| Jul 18 2024
U.S. Leading Economic Index Falls Further in June
- Leading index has been declining since January 2022.
- Coincident Indicator Index continues to rise.
- Lagging Economic Index edges higher.
by:Tom Moeller
|in:Economy in Brief
- USA| Jul 18 2024
U.S. Initial Unemployment Insurance Claims Jump in Latest Week
- Initial claims match highest level since the June 8 week.
- Continuing claims surge to three-year high.
- Insured unemployment rate holds steady.
by:Tom Moeller
|in:Economy in Brief
- USA| Jul 17 2024
U.S. Housing Starts & Building Permits Rise Moderately in June
- Multi-family starts surge while single-family declines.
- Starts are mixed m/m throughout the country.
- Building permits recover after falling to four-year low.
by:Tom Moeller
|in:Economy in Brief
- USA| Jul 17 2024
U.S. Mortgage Applications Rebounded Last Week
- Mortgage applications rise to highest level since January.
- Home purchase applications decline while refinancing surges.
- Mortgage rates decline.
by:Tom Moeller
|in:Economy in Brief
- USA| Jul 16 2024
U.S. Retail Sales Hold Steady in June; Nonauto Sales Strengthen
- Core spending continues to improve.
- Nonstore sales surge for a second straight month.
- Overall sales improvement held back by lower vehicle and gasoline station sales.
by:Tom Moeller
|in:Economy in Brief
- USA| Jul 16 2024
U.S. Home Builders Sentiment Declines Further in July
- Overall index stands at lowest level this year.
- Each component remains weak.
- Regional indexes diverge.
by:Tom Moeller
|in:Economy in Brief
- USA| Jul 15 2024
U.S. Empire State Manufacturing Index Slips During July
- Negative reading indicates slightly greater rate of contraction.
- Inventories & order backlogs decline while new orders, shipments & employment edge higher.
- Prices paid rise slightly but prices received ease.
- Expectations decline but upward trend remains in place.
by:Tom Moeller
|in:Economy in Brief
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