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Daily Economic Update
Daily Economic Update
July 28, 2010

 Mortgage purchase applications increased 2.0 percent for the 
  M            h       li i      i       d             f   h  
  week ending July 23rd, the highest level since late June but still 
  near 13‐year lows. Purchase applications do not take into 
  consideration all‐cash purchases which according to the 
       id    i   ll     h     h       hi h       di     h  
  REALTORS® Confidence Index made up 25 percent of 
  transactions.
 Purchase applications were down 34.2 percent from the same 
  week a year ago.
 Refinances were down 5.9 percent, as mortgage rates rose slightly 
                           59p        ,        g g               g y
  to an average rate of 4.69 percent for a 30‐year fixed mortgage.
 Durable goods orders fell one percent in June. It was expected that 
  orders would rise for the month. Automobiles were up 2.5 percent  
  orders would rise for the month  Automobiles were up 2 5 percent  
  on a positive note. 
                  Produced by NAR Research
Produced by NAR Research

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Daily Forecast Update for July 28, 2010

  • 1. Daily Economic Update Daily Economic Update July 28, 2010  Mortgage purchase applications increased 2.0 percent for the  M   h   li i  i d     f   h   week ending July 23rd, the highest level since late June but still  near 13‐year lows. Purchase applications do not take into  consideration all‐cash purchases which according to the  id i   ll h  h   hi h  di     h   REALTORS® Confidence Index made up 25 percent of  transactions.  Purchase applications were down 34.2 percent from the same  week a year ago.  Refinances were down 5.9 percent, as mortgage rates rose slightly  59p , g g g y to an average rate of 4.69 percent for a 30‐year fixed mortgage.  Durable goods orders fell one percent in June. It was expected that  orders would rise for the month. Automobiles were up 2.5 percent   orders would rise for the month  Automobiles were up 2 5 percent   on a positive note.  Produced by NAR Research