Free Markets, Free People

Economic Statistics for 25 Feb 15

The MBA reports that mortgage applications fell -3.5% last week, with purchases up 5.0%, but refis down -8.0%.

New home sales were little changed in January, at a better-than-expected 481,000 annual rate, nearly unchanged from December’s big jump of 8.1% to 482,000. Price concessions may have helped sales, as the median sales price fell 2.6% to $294,000. 


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