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  • 2013-01-31 11:00


    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 mortgage rates continuing to trend higher amid a growing economy led in part by the recovering housing market. This marks the first week the 30-year fixed-rate mortgage has averaged above 3.5 percent since September 13th of last year. The all-time record low for the 30-year fixed was set the week of November 21, 2012, when it averaged 3.31 percent.

    News Facts

    - 30-year fixed-rate mortgage (FRM) averaged 3.53 percent with an average 0.7 point for the week ending January 31, 2013, up from last week when it averaged 3.42 percent.

  • 2013-01-31 09:49


    WASHINGTON (MNI) - The following are top events and news reported Thursday by MNI in the global financial system:

    * Initial claims for U.S. state unemployment benefits jumped more than expected in the January 26 week, up 38,000 to 368,000 after plunging to its lowest level in five years in the previous week, the Labor Department reported Thursday. Forecasts in a MNI survey of economists had centered around a rebound in jobless claims to 360,000. The initially reported 330,000 claims level for the January 19 week was unrevised.

  • 2013-01-31 09:47


    WASHINGTON (MNI) - The following are top events and news reported Thursday by MNI in the global financial system:

    * Initial claims for U.S. state unemployment benefits jumped more than expected in the January 26 week, up 38,000 to 368,000 after plunging to its lowest level in five years in the previous week, the Labor Department reported Thursday. Forecasts in a MNI survey of economists had centered around a rebound in jobless claims to 360,000. The initially reported 330,000 claims level for the January 19 week was unrevised.

  • 2013-01-31 09:33


    --Economy Grows In Most Major Industrial Sectors
    --Manufacturing Output Up +0.7% After 3 Months Hefty Declines

    OTTAWA (MNI) - Canada's economy picked up in November from months in the doldrums, rising by 0.3% on increased production in most major industrial sectors, Statistics Canada reported Friday.

    The overall improvement, seasonally adjusted, principally came from increases in manufacturing (+0.7%) and mining, quarrying and oil and gas extraction (+0.8%). Oil and gas extraction was up 0.8% on the strength of increased crude petroleum production while natural gas production decreased, the agency said.

  • 2013-01-31 09:30


    --Pvt Wages +$44b, incl $30b Accel Bonuses; Core Prices +1.4% YOY

    WASHINGTON (MNI) - There were no surprises in the December Personal Income report, and in any case the data were already incorporated into Wednesday's -0.1% Q4:2012 GDP calculation.

    December Personal Income was up 2.6% in its biggest gain since December 2004. Personal Consumption Expenditures were up a more modest 0.2% as much of the income was saved. Core PCE prices were flat for a +1.4% pace over the year.

    Private wages advanced $44 billion in December after an upward revised +$64.1 billion in November. These wages fell $12.6 billion in October in a storm impact that caused work interruptions.

  • 2013-01-31 09:30


    WASHINGTON (MNI) - The following are the changes in unadjusted initial claims by state for the week ended January 19.

  • 2013-01-31 09:30


    WASHINGTON (MNI) - Initial claims for U.S. state unemployment benefits jumped more than expected in the January 26 week, up 38,000 to 368,000 after plunging to its lowest level in five years in the previous week, the Labor Department reported Thursday.

    Forecasts in a MNI survey of economists had centered around a rebound in jobless claims to 360,000. The initially reported 330,000 claims level for the January 19 week was unrevised.

  • 2013-01-31 09:18


    BRUSSELS (MNI) EU lawmakers hoping to finalize the rules governing the Eurozone's single supervisory mechanism for banks have some 30 disagreements to overcome, the lead parliamentarian in the talks, Sven Gielgold told journalists on Thursday.

    High on the list of issues is the composition of the ECB supervisory board's steering committee and its accountability before the EU parliament.

    Eurozone governments have, however, accepted that the ECB should not get any special rights at the European Banking Authority, which finalizes the technical details of EU banking rules.

    "The ECB will be treated like any other supervisor," he said.

    --Paris newsroom, +33142715540

    [TOPICS: M$X$$$,M$$EC$]

  • 2013-01-31 08:38


    - RBNZ Says Inflation Subdued, Household Credit Growth Being Watched

    (Updates and adds analyst comments starting in 14th paragraph)

    WELLINGTON (MNI) - The Reserve Bank of New Zealand kept its official cash rate unchanged at 2.5% on Thursday with Governor Graeme Wheeler repeating it remained appropriate while signalling house price inflation and household credit growth are still sharply in focus.

    The decision was expected by all economists who follow the New Zealand market.

    Wheeler gave no hint on the timing or direction of any change to the OCR.

    "On balance, it remains appropriate for the OCR to be held at 2.5%," he said - a repeat of the previous two statements.

  • 2013-01-31 08:37


    -Other Personal Credit Y/Y Fall Moderates To Lowest July 2011

    SYDNEY (MNI) - Data on private sector credit for December published by the Reserve Bank of Australia Thursday:

    December November December November

    ----------------------------------------------------------------------

    % Change m/m % Chance m/m % Change y/y % Change y/y Total Credit +0.4 0.0 +3.6 +3.5 Housing +0.3 +0.4 +4.5 +4.6 Business +0.7 -0.7 +2.8 +2.4 Other Personal +0.2 -0.2 -0.3 -0.7

    FACTORS: Total private sector credit rose 0.4% month-on-month in December, the best pace in three months and matchi