U.S. Data

  • 2015-03-27 10:32

    --Rejections of Credit Card Limit Hikes Decrease

    WASHINGTON (MNI) - The New York Fed survey taken three times a year Friday gave a faint signal of stronger credit demand, particularly for mortgage refinancing, but its overall finding appeared to be the continuing lack of enthusiasm to plunge back into heavier debt.

    The most striking illustration in the report appeared to be the bar graph that showed a nearly imperceptible change in the rate of credit applications and the proportions that were accepted, rejected and discouraged going back to late 2013.

    In a post on the Bank's Liberty Street blog, the report was characterized as showing "little change in application rates for credit over the last 12 months, but a decline in rejection rates, in particular fo

  • 2015-03-27 10:30

    WASHINGTON (MNI) - U.S. consumer sentiment bounced back from its dip in the early part of March but was still down compared to last month, as both consumers' views of current conditions and their expectations for the future declined from February's levels, according to the University of Michigan Consumer Sentiment survey released Friday.

    The final reading of the March consumer sentiment index was above expectations, coming in at 93.0 compared to 91.2 in the preliminary report, but vs. 95.4 in February. The index was at 98.1 in January and 93.6 in December.

    The index's measure of how consumers view current conditions rose to 105.0 from the 103.0 flash estimate, and compared to 106.9 in February.

  • 2015-03-26 10:00

    WASHINGTON (MNI) - The following is the text of the latest Freddie Mac Primary Mortgage Market Survey released Thursday:

    Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates moving down again across the board. Average fixed rates that continue to run below four percent will help keep affordability high for those in the market to buy a home as we head into the spring homebuying season.

    News Facts

    - 30-year fixed-rate mortgage (FRM) averaged 3.69 percent with an average 0.6 point for the week ending March 26, 2015, down from last week when it averaged 3.78 percent.

  • 2015-03-26 08:30

    WASHINGTON (MNI) - The following are the changes in unadjusted initial claims by state for the week ended March 14. Data for the March 21 week are not yet available:


    State Change State Supplied Comment

    TN +2,976 Layoffs in the manufacturing, administrative and support and waste management and remediation service, construction, and accommodation and food service industries.

    CA +1,020 No comment.


    State Change State Supplied Comment

    PA -2,265 Fewer layoffs in the construction and manufacturing industries.

  • 2015-03-25 11:24

    By Joe Plocek

    WASHINGTON (MNI) - After February durable goods were reported below expectations, dropping 1.4% - its third decline in the last four months - analysts began recalibrating first-quarter real GDP growth lower.

    Economists at Barclays cut their Q1 U.S. GDP tracking estimate to just a 1.2% growth rate, from 1.3%. Economists at Morgan Stanley cut Q1 GDP tracking by 0.3 point to a 0.9% increase. And Goldman's team cut Q1 US GDP tracking by 0.2 point to 1.8%.

    RBS economist Guy Berger said the ugly report means the equipment portion of Q1 GDP could come in flat.

    RBC's Tom Porcelli's team said capital spending could be negative in Q1. "The February durables report was weaker on the current month but also witnessed non-trivial downward revisions to January.

  • 2015-03-25 10:45

    WASHINGTON (MNI) - The following is the Freddie Mac summary of its updated Multi-Indicator Market Index showing some "winter doldrums" but as a prelude to a strong spring housing market, published Wednesday:

    Freddie Mac today released its updated Multi-Indicator Market Index showing that the U.S. housing market experienced some winter doldrums. While an improving labor market and attractive mortgage rates continue to promise a strong spring homebuying season, housing market stability stumbled a bit due to the cold winter and a softening of economic growth.

  • 2015-03-25 09:20

    --February Permits Originally Reported +3.0% To 1.092 Mln Unit Rate

    WASHINGTON (MNI) - The number of U.S. building permits issued in February was revised up to an increase of up 4% to a 1.102 million unit annual rate, the Commerce Department's Bureau of the Census said Wednesday.

    Permits issued were originally reported up 3% to a 1.092 million unit rate.

  • 2015-03-24 17:23

    WASHINGTON (MNI) - The following are Freddie Mac's Highlights, published Tuesday:

    -The total mortgage portfolio increased at an annualized rate of 2.8% in February

    -Single-family refinance-loan purchase and guarantee volume was $20.2 billion in February representing 66% of total single-family mortgage portfolio purchases or issuances.

  • 2015-03-24 08:33

    By Brai Odion-Esene

    WASHINGTON (MNI) - U.S. Treasury Secretary Jacob Lew Tuesday said the government continues to aggressively seek opportunities for sale of American goods abroad, but stressed that it will only enter deals that it considers fair and beneficial for the country's workers.

    In a speech at the SelectUSA investment summit in National Harbor, Maryland, just outside of Washington, Lew noted the "substantial strides" that the economy has made, as well as its continued expansion. However, many of its trade partners are still trying to find their feet, he said.

    "The Obama administration is working intensely to strike strong new trade agreements," Lew said, trade deals that will unlock export markets and establish rules that level the playing field.

  • 2015-03-24 07:45

    WASHINGTON (MNI) - The following is the commentary from the RetailEconomist.com-Goldman Sachs monthly Chain Store Sales Snapshot released Tuesday:

    The Retail Economist-Goldman Sachs Weekly Chain Store Sales Index declined by 0.7% compared with its previous week for the period ending Saturday, March 21. On a year-over-year basis, sales rose by a solid 3.0%, which was its strongest performance since the end of January.

    Michael P.