Free Markets, Free People

Economic Statistics for 24 Aug 16

Existing Home sales fell -3.2% in June to a 5.39 million annual rate, which is -1.6% lower than the year-ago rate. This was despite a -1.4% monthly decline in the median price, at $244,100.

The FHFA House Price Index rose 0.2% in June, and is 5.6% higher than a year ago.

The MBA reports that mortgage applications fell -2.1% last week, with purchases down -0.3% and refis down -3.0%.

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