Here is what was at the top of the headlines for the mortgage industry this past week.
Treasuries end longest skid in a year on US Production. Treasuries gained for the first time in eight days, ending the longest skid in more than a year, as industrial production in the U.S. unexpectedly declined in August for the first time in seven months.
U.S. Incomes Edge Higher for First Time Since Recession Americans’ incomes ticked up in 2013 for the first time since the recession, and the poverty rate fell for the first time since 2006.
Since early summer, builders in many markets across the nation have been reporting that buyer interest and traffic have picked up, which is a positive sign that the housing market is moving in the right direction,” said NAHB Chairman.
New Sign of Weak Inflation Gives Fed More Room to Maneuver Consumer prices fell 0.2% in August, their first decline in over a year. Subdued price increases have allowed Fed officials, who conclude two days of meetings today, to keep interest rates at record lows even as they plan to end their unprecedented monthly asset purchase program in October.
Jobless Claims Fall 36,000 in Latest Week. Applications for Unemployment Benefits Drop to Near Postrecession Lows. The four-week moving average of claims, which smooths out weekly volatility, was down 4,750 to 299,500. Continuing claims fell by 63,000 to 2,429,000 for the week ended Sept. 6.
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