Free Markets, Free People
Economic Statistics for 21 Mar 12
The following statistics were released today on the state of the US economy:
A 13 basis-point rise in interest rates in the past week drove mortgage applications down -7.4%, the Mortgage Bankers Association reports. The purchase index fell -1.0%, the refinance index dropped -9.3%.
Existing home sales for February fell -0.9% to a 4.59 million annual rate. Sales are up 8.8% from a year ago.