about 16 hours ago
Weekly Indicators: manufacturing growth decelerates, mortgage applications accelerate addition
By: New_Deal_democratMarch data was all positive, including the Index of Leading Indicators, buoyed particularly by the interest rate spread and ISM new orders, and also included building permits and starts, retail sales, industrial production and capacity utilization. My usual note: I look at the high frequency weekly indicators because while they can be very noisy, they provide a good Now-cast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. Read more
 cause sales to decline
after which, prices go down
But in the past five years, mortgage rates have had (some, but) little effect on sales.&p[images][0]=/s3/files/styles/large/s3/image_1266.jpg?itok=Hl7228vw){kind=link}