Weekly Mortgage Applications Survey - August 6, 2008
# Purchase Index: 315.2
# Change: Up 1.8%
Lower gas prices helping housing market?
The interest rate changes were fairly small compared to increase in applications, possibly indicating that some of the increase came from increased confidence on the part of potential home buyers as gas prices started to drop last week.
Freddie predicts more housing pain Aug 6 [Video]
Aug 6 - The housing turmoil is only half over but mortgage related losses are just beginning, home financing giant Freddie Mac told investors after posting another quarterly loss.
Gasoline inventories down sharply, markets focused on demand drop
Turkey Shuts Section of BP's Azeri Oil Pipeline After Blast Sparks a Fire
German New Orders Fall
Germany's manufacturing sector continued to show weakness as new export orders fell 5.1% in June.
Mild fall in Japan machinery orders; outlook weak
Japan Machine Orders Fall Less Than Expected, a Sign Recession May Be Mild
Orders for Japanese machinery fell less than economists estimated in June, a sign that any recession in the world's second-largest economy may be mild.
Image via WikipediaIMF Cuts U.K. Economic Outlook
The IMF cut its forecast for U.K. economic growth this year to 1.4%, down from last month's 1.8% estimate.
UBS Cuts 2009 Global Economy Forecast, Says Recession `Precariously Close'
UBS AG cut its growth forecast for the global economy for 2009, and said the world is ``precariously close'' to a recession as the U.S. slows.
0 comments:
Post a Comment