- Trend in mortgage applications has been sideways since last summer.
- Purchase & loan refinancing applications refinancing slip.
- Rates on 30-year fixed-rate mortgage loans decline slightly.
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
USA| Mar 27 2024U.S. Mortgage Applications Decline Even as Interest Rates Ease
by:Tom Moeller
|in:Economy in Brief
USA| Mar 26 2024U.S. Consumer Confidence Eases in March
- Present situations reading moves up moderately.
- Expected conditions fall for third straight month.
- Inflation expectations edge higher.
by:Tom Moeller
|in:Economy in Brief
USA| Mar 26 2024U.S. Energy Prices Strengthen in Latest Week
- Gasoline prices have been rising all month.
- Crude oil prices continue to strengthen.
- Natural gas prices rise slightly.
by:Tom Moeller
|in:Economy in Brief
USA| Mar 25 2024U.S. New Home Sales Ease in February
- Nonetheless, sales remain above their November low.
- Regional sales performance is mixed.
- Median sales price declines sharply.
by:Tom Moeller
|in:Economy in Brief
USA| Mar 25 2024Chicago Fed National Activity Index Improves in February
- Index turns modestly positive after two negative readings.
- Three-month average remains negative.
- Component improvement is widespread m/m.
by:Tom Moeller
|in:Economy in Brief
USA| Mar 22 2024FIBER: Industrial Commodity Prices Increase
- Crude oil prices reach four-month high.
- Gain in metals price paced by zinc.
- Rubber & lumber costs continue to rise.
- Textile prices decline.
by:Tom Moeller
|in:Economy in Brief
USA| Mar 21 2024U.S. Existing Home Sales Surge in February
- Sales rise to twelve-month high.
- Home prices edge higher after seven straight monthly declines.
- Sales increase across the country, except Northeast.
by:Tom Moeller
|in:Economy in Brief
USA| Mar 21 2024U.S. Initial Unemployment Insurance Claims Dip
- Decline reverses prior week’s gain.
- Continuing claims rise to six-week high.
- Insured unemployment rate remains steady.
by:Tom Moeller
|in:Economy in Brief
USA| Mar 20 2024FOMC Holds Funds Rate Steady; Expects Three Cuts in 2024
- Federal funds rate range remains at 5.25% - 5.50%, where it’s been since early-August.
- Rate stays at highest level since March 2001.
- Fed maintains focus on inflation reduction.
by:Tom Moeller
|in:Economy in Brief
USA| Mar 19 2024U.S. Housing Starts Rebound in February
- Single-family and multi-family starts rebound.
- Starts are mixed throughout the country.
- Building permits rise modestly.
by:Tom Moeller
|in:Economy in Brief
USA| Mar 19 2024U.S. Energy Prices Are Mixed in Latest Week
- Gasoline prices strengthen.
- Crude oil prices move slightly higher.
- Natural gas prices decline modestly.
by:Tom Moeller
|in:Economy in Brief
USA| Mar 18 2024U.S. Home Builders Sentiment Strengthens in March
- Overall index moves to highest level since July 2023.
- All three components advance.
- Regional indexes are mixed.
by:Tom Moeller
|in:Economy in Brief
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