Free Markets, Free People
Economic Statistics for 27 Feb 13
The following US economic statistics were announced today:
Durable goods orders plunged -5.2% in January due to a -19.8% drop in transportation orders. Ex-transportation, orders rose a strong 1.9%.
The Pending Home Sales Index rose 5.4% to 105.9 in January, solidly above expectations.
The MBA reports mortgage applications declined again last week, down -3.8%, with purchase apps falling -5.0% and re-fis down -3.0%.