Free Markets, Free People
Economic Statistics for 14 Dec 11
Today’s economic statistical releases:
Mortgage applications rose 4.1% last week, with purchases dropping -8.2% and re-finance applications up 9.3%. The 30-year mortgage rate averaged 4.12%., the lowest rate of the year.
Import prices rose 0.7% last month—9.9% for the year—due to spikes in petroleum prices. Ex-Petroleum, prices fell -0.2%, following a 0.3 percent ex-petroleum decline in the prior month. Export prices rose 0.1% for the month and 4.7% over last year.