Free Markets, Free People
Economic Statistics for 26 Oct 11
Today’s economic statistical releases:
The Mortgage Bankers’ Association reports that mortgage applications bounced back from the short Columbus Day week, rising 4.9%.
Durable Goods Orders look sluggish, with a headline report of a -0.8% drop, but ex-transportation, orders rose 1.7%.
New home sales jumped 5.7% in September to a 313k annual rate, but the increase comes at the expense of a 3.1% drop in prices.