Recent Market MetricsCurrentPrevious 
Canada Inflation
fell
to 1.7% in Jan, down from 1.9% in Dec
1.7%
1.9%
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The Consumer Price Index (CPI) rose 1.7% on a year-over-year basis in January, following a 1.9% increase in December. Excluding energy, the CPI increased 1.7%, matching the gain in December.
23-Feb-18 8:34 AM ET - Statistics CanadaNext: 23-Mar-18
EU Inflation (HICP)
fell
to 1.3% in Jan, down from 1.4% in Dec & the lowest in 6 mos
1.3%
1.4%
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Annual inflation down to 1.3% in the euro area

Euro area annual inflation rate was 1.3% in January 2018, down from 1.4% in December 2017. In January 2017, the rate was 1.8%. European Union annual inflation was 1.6% in January 2018, down from 1.7% in December 2017. A year earlier the rate was 1.7%. These figures come from Eurostat, the statistical office of the European Union.
23-Feb-18 8:12 AM ET - EurostatNext: 16-Mar-18
30-Yr Fixed Mortgage Rate
rose
to 4.40% on Feb 22, up from 4.38% on Feb 15 & the highest since Apr 2014
4.40%
4.38%
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MCLEAN, VA--(Marketwired - Feb 22, 2018) -  Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed mortgage rate increasing for the seventh-consecutive week.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.40 percent with an average 0.5 point for the week ending February 22, 2018, up from last week when it averaged 4.38 percent. A year ago at this time, the 30-year FRM averaged 4.16 percent. 
  • 15-year FRM this week averaged 3.85 percent with an average 0.5 point, up from last week when it averaged 3.84 percent. A year ago at this time, the 15-year FRM averaged 3.37 percent. 
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.65 percent this week with an average 0.4 point, up from last week when it averaged 3.63. A year ago at this time, the 5-year ARM averaged 3.16 percent.
22-Feb-18 10:13 AM ET - Freddie MacNext: 01-Mar-18
15-Yr Fixed Mortgage Rate
rose
to 3.85% on Feb 22, up from 3.84% on Feb 15
3.85%
3.84%
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MCLEAN, VA--(Marketwired - Feb 22, 2018) -  Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed mortgage rate increasing for the seventh-consecutive week.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.40 percent with an average 0.5 point for the week ending February 22, 2018, up from last week when it averaged 4.38 percent. A year ago at this time, the 30-year FRM averaged 4.16 percent. 
  • 15-year FRM this week averaged 3.85 percent with an average 0.5 point, up from last week when it averaged 3.84 percent. A year ago at this time, the 15-year FRM averaged 3.37 percent. 
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.65 percent this week with an average 0.4 point, up from last week when it averaged 3.63. A year ago at this time, the 5-year ARM averaged 3.16 percent.
22-Feb-18 10:13 AM ET - Freddie MacNext: 01-Mar-18
5-Yr ARM
rose
to 3.65% on Feb 22, up from 3.63% on Feb 15
3.65%
3.63%
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MCLEAN, VA--(Marketwired - Feb 22, 2018) -  Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed mortgage rate increasing for the seventh-consecutive week.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.40 percent with an average 0.5 point for the week ending February 22, 2018, up from last week when it averaged 4.38 percent. A year ago at this time, the 30-year FRM averaged 4.16 percent. 
  • 15-year FRM this week averaged 3.85 percent with an average 0.5 point, up from last week when it averaged 3.84 percent. A year ago at this time, the 15-year FRM averaged 3.37 percent. 
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.65 percent this week with an average 0.4 point, up from last week when it averaged 3.63. A year ago at this time, the 5-year ARM averaged 3.16 percent.
22-Feb-18 10:13 AM ET - Freddie MacNext: 01-Mar-18
Initial Unemployment Claims
fell
3.1% for the week ending Feb 17, to 222,000
222,000
229,000
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In the week ending February 17, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of

7,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 230,000 to

229,000. The 4-week moving average was 226,000, a decrease of 2,250 from the previous week's revised average. The
22-Feb-18 9:07 AM ET - US Dept of LaborNext: 01-Mar-18
UK GDP
grew
at an annualized rate of 0.4% in Q4
0.4%
0.4%
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Second Estimate:
The UK Office for National Statistics publishes Preliminary Estimates of GDP approximately one month after the end of a given quarter, followed by Second Estimates a month later and the Final Estimates a month after that.
22-Feb-18 9:06 AM ET - UK Office of National StatisticsNext: 25-May-18
US Consumer Confidence
rose
to 99.9 in Feb, up from 94.4 in Jan
99.9
94.4
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A gauge of consumers' confidence in the economic outlook rebounded this month, as low unemployment and optimism about the new tax regime outweighed financial-market volatility for American households.

The University of Michigan on Friday said its consumer-sentiment index was 99.9 in February, up from 95.7 in January. The preliminary result overshot economists' expectations for a reading of 95.0 for February. A final reading for the month will be released March 2.

21-Feb-18 2:31 PM ET - Thompson Reuters U. MichiganNext: 23-Mar-18
Existing Home Sales
fell
3.2% in Jan, to 5,380,000/yr
5,380,000
5,560,000
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Total existing-home sales, https://www.nar.realtor/existing-home-sales , which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, sank 3.2 percent in January to a seasonally adjusted annual rate of 5.38 million from a downwardly revised 5.56 million in December 2017. After last month s decline, sales are 4.8 percent below a year ago (largest annual decline since August 2014 at 5.5 percent) and at their slowest pace since last September (5.37 million).
21-Feb-18 10:16 AM ET - National Association of RealtorsNext: 21-Mar-18
Home Sales Inventory
remained at
3.2 months in Jan
3.2
3.2
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Total housing inventory4 at the end of January rose 4.1 percent to 1.52 million existing homes available for sale, but is still 9.5 percent lower than a year ago (1.68 million) and has fallen year-over-year for 32 consecutive months. Unsold inventory is at a 3.4-month supply at the current sales pace (3.6 months a year ago).
21-Feb-18 10:15 AM ET - National Association of RealtorsNext: 21-Mar-18
Mortgage Application Volume
fell
6.6% for the week ending Feb 16
-6.6%
-4.1%
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WASHINGTON, D.C. (February 21, 2018) - Mortgage applications decreased 6.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 16, 2018.

The Market Composite Index, a measure of mortgage loan application volume, decreased 6.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 3 percent compared with the previous week. The Refinance Index decreased 7 percent from the previous week. The seasonally adjusted Purchase Index decreased 6 percent from one week earlier. The unadjusted Purchase Index increased 1 percent compared with the previous week and was 3 percent higher than the same week one year ago.

The refinance share of mortgage activity decreased to its lowest level since July 2017, 44.4 percent of total applications, from 46.5 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 6.4 percent of total applications.

The FHA share of total applications decreased to 9.9 percent from 10.1 percent the week prior. The VA share of total applications decreased to 10.0 percent from 10.1 percent the week prior. The USDA share of total applications remained unchanged at 0.8 percent from the week prior.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) increased to its highest level since January 2014, 4.64 percent, from 4.57 percent, with points increasing to 0.61 from 0.59 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The effective rate increased from last week.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $453,100) increased to its highest level since January 2014, 4.62 percent, from 4.55 percent, with points increasing to 0.50 from 0.47 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to its highest level since April 2011, 4.58 percent, from 4.54 percent, with points decreasing to 0.71 from 0.73 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

The average contract interest rate for 15-year fixed-rate mortgages increased to its highest level since April 2011, 4.02 percent, from 4.00 percent, with points increasing to 0.66 from 0.65 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

The average contract interest rate for 5/1 ARMs decreased to 3.72 percent from 3.74 percent, with points increasing to 0.39 from 0.37 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

If you would like to purchase a subscription of MBA's Weekly Applications Survey, please visit mba.org/WeeklyApps, contact mbaresearch@mba.org or click here.

The survey covers over 75 percent of all U.S. retail residential mortgage applications, and has been conducted weekly since 1990. Respondents include mortgage bankers, commercial banks and thrifts. Base period and value for all indexes is March 16, 1990=100.

21-Feb-18 9:36 AM ET - MBANext: 28-Feb-18
UK Unemployment Rate
rose
to 4.4% in Dec, up from 4.3% in Nov & the highest in 6 mos
4.4%
4.3%
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  • Estimates from the Labour Force Survey show that, between July to September 2017 and October to December 2017, the number of people in work and the number of unemployed people both increased, but the number of people aged from 16 to 64 not working and not seeking or available to work (economically inactive) decreased.

  • There were 32.15 million people in work, 88,000 more than for July to September 2017 and 321,000 more than for a year earlier.

  • The employment rate (the proportion of people aged from 16 to 64 who were in work) was 75.2%, higher than for a year earlier (74.6%).

  • There were 901,000 people (not seasonally adjusted) in employment on zero-hours contracts in their main job, little changed compared with a year earlier.

  • There were 1.47 million unemployed people (people not in work but seeking and available to work), 46,000 more than for July to September 2017 but 123,000 fewer than for a year earlier.

  • The unemployment rate (the proportion of those in work plus those unemployed, that were unemployed) was 4.4%, down from 4.8% for a year earlier.

  • There were 8.77 million people aged from 16 to 64 who were economically inactive (not working and not seeking or available to work), 109,000 fewer than for July to September 2017 and 95,000 fewer than for a year earlier.

  • The inactivity rate (the proportion of people aged from 16 to 64 who were economically inactive) was 21.3%, lower than for a year earlier (21.6%).

  • Latest estimates show that average weekly earnings for employees in Great Britain in nominal terms (that is, not adjusted for price inflation) increased by 2.5% both including and excluding bonuses compared with a year earlier.

  • Latest estimates show that average weekly earnings for employees in Great Britain in real terms (that is, adjusted for price inflation) fell by 0.3% both including and excluding bonuses compared with a year earlier.

21-Feb-18 9:00 AM ET - UK Office of National StatisticsNext: 21-Mar-18
Housing Starts
rose
9.7% in Jan, to 1,326,000/yr, the highest level since Aug 2007
1,326,000
1,209,000
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Privately-owned housing starts in January 2018 were at a seasonally adjusted annual rate of 1,326,000. This is 9.7 percent (+/- 16.8%)* above the revised December 2017 estimate of 1,209,000.


January 2018: +9.7* % change
December 2017 (r): -6.9* % change

16-Feb-18 8:35 AM ET - USCBNext: 16-Mar-18
US Producer/Wholesale Price Index
rose
0.4% in Jan
0.4%
-0.1%
collapse/expand
The Producer Price Index (PPI) of the Bureau of Labor Statistics (BLS) is a family of indexes that measure the average change over time in the prices received by domestic producers of goods and services. PPIs measure price change from the perspective of the seller. This contrasts with other measures, such as the Consumer Price Index (CPI). CPIs measure price change from the purchaser's perspective. Sellers' and purchasers' prices can differ due to government subsidies, sales and excise taxes, and distribution costs.
15-Feb-18 8:33 AM ET - U.S. Bureau of Labor StatisticsNext: 14-Mar-18
EU GDP
grew
at an annualized rate of 4.1% in Q3, revised from 3.9%, the most since Jun 2000
4.1%
3.4%
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Revised:
European Union gross domestic product (GDP) is published by the Europan Central Bank at market prices. It is a measure of the economic activity, defined as the value of all goods and services produced less the value of any goods or services used in their creation. The calculation of the annual growth rate of GDP volume is intended to allow comparisons of the dynamics of economic development both over time and between economies of different sizes.
14-Feb-18 8:40 AM ET - ECBNext: 07-Mar-18
US Retail Sales
fell
0.3% in Jan, to $492.0 Billion
-0.3%
0.4%
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U.S. retail and food services sales for January were $492.0 billion, a decrease of 0.3 percent (+/-0.5%)* from the previous month.


January 2018: -0.3* % change
December 2017 (r): 0.0* % change

14-Feb-18 8:37 AM ET - USCBNext: 14-Mar-18
Overall US Inflation
rose
0.5% in Jan
0.5%
0.1%
collapse/expand
The Consumer Price Index (CPI) is a measure of the average change in prices over time of goods and services purchased by households. The Bureau of Labor Statistics publishes CPIs for two population groups:
  • (1) the CPI for Urban Wage Earners and Clerical Workers (CPI-W),which covers households of wage earners and clerical workers that comprise approximately 29 percent of the total population and
  • (2) the CPI for All Urban Consumers (CPI-U) and the Chained CPI for All Urban Consumers (C-CPI-U), which cover approximately 88 percent of the total population and include in addition to wage earners and clerical worker households, groups such as professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, and retirees and others not in the labor force.
14-Feb-18 8:31 AM ET - U.S. Bureau of Labor StatisticsNext: 13-Mar-18
Core US Inflation
rose
0.3% in Jan
0.3%
0.3%
collapse/expand
The Consumer Price Index (CPI) is a measure of the average change in prices over time of goods and services purchased by households. The Bureau of Labor Statistics publishes CPIs for two population groups:
  • (1) the CPI for Urban Wage Earners and Clerical Workers (CPI-W),which covers households of wage earners and clerical workers that comprise approximately 29 percent of the total population and
  • (2) the CPI for All Urban Consumers (CPI-U) and the Chained CPI for All Urban Consumers (C-CPI-U), which cover approximately 88 percent of the total population and include in addition to wage earners and clerical worker households, groups such as professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, and retirees and others not in the labor force.
14-Feb-18 8:31 AM ET - U.S. Bureau of Labor StatisticsNext: 13-Mar-18
UK Producer/Wholesale Price Inflation
fell
to 2.8% in Jan, down from 3.3% in Dec
2.8%
3.3%
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  • The headline rate of inflation for goods leaving the factory gate (output prices) rose 2.8% on the year to January 2018, down from 3.3% in December 2017.

  • Prices for materials and fuels (input prices) rose 4.7% on the year to January 2018, down from 5.4% in December 2017.

  • All industries provided upward contributions to output annual inflation; the largest contribution was made by food products.

  • Prices of imported materials and fuels increased 3.5% on the year to January 2018, slowing from 5.2% in December 2017 and the lowest the rate has been since June 2016.

  • From April 2018, publication of these figures will move from Tuesday to Wednesday; the new release dates are available.

13-Feb-18 9:31 AM ET - UK Office of National StatisticsNext: 20-Mar-18
UK Inflation
remained at
2.7% in Jan
2.7%
2.7%
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  • The Consumer Prices Index including owner occupiers housing costs (CPIH) 12-month inflation rate was 2.7% in January 2018, unchanged from December 2017.
  • The largest downward contribution to change in the rate came from prices for motor fuels, which rose by less than they did a year ago.
  • The main upward effect came from prices for a range of recreational and cultural goods and services, in particular, admissions to attractions such as zoos and gardens, for which prices fell by less than they did a year ago.
  • The Consumer Prices Index (CPI) 12-month rate was 3.0% in January 2018, unchanged from December 2017.
  • From April 2018, publication of these figures will move from Tuesday to Wednesday; the new release dates are available.
13-Feb-18 9:31 AM ET - UK Office of National StatisticsNext: 20-Mar-18
US Treasury reported a
surplus
of $49 Billion in Jan, the highest surplus in 9 mos
$49
-$23
collapse/expand
The US Treasury publishes the Monthly Treasury Statement (MTS) at 2:00 PM on the 8th business day of each month.

The MTS summarizes the financial activities of the federal government and off-budget federal entities in accordance with the Budget of the U.S. Government, inlcuding:

  • Receipts and outlays
  • Surplus or deficit
  • Means of financing on a modified cash basis

Data provided by federal entities, disbursing officers, and Federal Reserve Banks.

12-Feb-18 3:06 PM ET - US Department of the TreasuryNext: 12-Mar-18
Canada Unemployment Rate
rose
to 5.9% in Jan, up from 5.8% in Dec
5.9%
5.8%
collapse/expand
The Canadian unemployment rate is reported monthly by Statistics Canada.
09-Feb-18 8:48 AM ET - Statistics CanadaNext: 09-Mar-18
Durable Goods Total New Orders
rose
2.8% in Dec, revised from 2.9%, the most in 6 mos
2.8%
1.7%
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Full Report:
New orders for manufactured durable goods in December increased $7.0 billion or 2.9 percent to $249.4 billion, the U.S. Census Bureau announced today. This increase, up four of the last five months, followed a 1.7 percent November increase. Excluding transportation, new orders increased 0.6 percent. Excluding defense, new orders increased 2.2 percent. Transportation equipment, also up four of the last five months, led the increase, $6.0 billion or 7.4 percent to $87.2 billion.
02-Feb-18 10:12 AM ET - USCBNext: 27-Feb-18
Capital Goods Core Capex
fell
0.6% in Dec, revised from -0.3%, the largest drop in 15 mos
-0.6%
0.2%
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Full Report:
New orders for manufactured durable goods in December increased $7.0 billion or 2.9 percent to $249.4 billion, the U.S. Census Bureau announced today. This increase, up four of the last five months, followed a 1.7 percent November increase. Excluding transportation, new orders increased 0.6 percent. Excluding defense, new orders increased 2.2 percent. Transportation equipment, also up four of the last five months, led the increase, $6.0 billion or 7.4 percent to $87.2 billion.
02-Feb-18 10:12 AM ET - USCBNext: 27-Feb-18
US Unemployment Rate
remained at
4.1% in Jan
4.1%
4.1%
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Total nonfarm payroll employment increased by 200,000 in January, and the unemploymentrate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today.Employment continued to trend up in construction, food services and drinking places,health care, and manufacturing.

_______________________________________________________________________ | | | Changes to The Employment Situation Data | | | |Establishment survey data have been revised as a result of the annual | |benchmarking process and the updating of seasonal adjustment factors. | |Also, household survey data for January 2018 reflect updated population| |estimates. See the notes at the end of this news release for more | |information about these changes. | |_______________________________________________________________________|

Household Survey Data

In January, the unemployment rate was 4.1 percent for the fourth consecutive month. Thenumber of unemployed persons, at 6.7 million, changed little over the month. (Seetable A-1. For information about annual population adjustments to the household surveyestimates, see the note at the end of this news release and tables B and C.)
02-Feb-18 8:33 AM ET - U.S. Bureau of Labor StatisticsNext: 09-Mar-18
US NonFarm Payroll
rose
200,000 in Jan
200,000
160,000
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Total nonfarm payroll employment increased by 200,000 in January, and the unemploymentrate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today.Employment continued to trend up in construction, food services and drinking places,health care, and manufacturing.

_______________________________________________________________________ | | | Changes to The Employment Situation Data | | | |Establishment survey data have been revised as a result of the annual | |benchmarking process and the updating of seasonal adjustment factors. | |Also, household survey data for January 2018 reflect updated population| |estimates. See the notes at the end of this news release for more | |information about these changes. | |_______________________________________________________________________|

Household Survey Data

In January, the unemployment rate was 4.1 percent for the fourth consecutive month. Thenumber of unemployed persons, at 6.7 million, changed little over the month. (Seetable A-1. For information about annual population adjustments to the household surveyestimates, see the note at the end of this news release and tables B and C.)
02-Feb-18 8:33 AM ET - U.S. Bureau of Labor StatisticsNext: 09-Mar-18
US Construction Spending
rose
0.7% in Dec, to $1253.3 Billion/yr
0.7%
0.8%
collapse/expand
The Value of Construction Put in Place Survey provides monthly estimates of the total dollar value of construction work done in the U.S. The United States Code, Title 13, authorizes this program. The survey covers construction work done each month on new structures or improvements to existing structures for private and public sectors. Data estimates include the cost of labor and materials, cost of architectural and engineering work, overhead costs, interest and taxes paid during construction, and contractor's profits. Data collection and estimation activities begin on the first day after the reference month and continue for about three weeks. Reported data and estimates are for activity taking place during the previous calendar month. The survey has been conducted monthly since 1964.
01-Feb-18 10:11 AM ET - USCBNext: 01-Mar-18
ISM Manufacturing Index
fell
to 59.1% in Jan, down from 59.7% in Dec
59.1%
59.7%
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(Tempe, Arizona) — Economic activity in the manufacturing sector expanded in January, and the overall economy grew for the 105th consecutive month, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: "The January PMI® registered 59.1 percent, a decrease of 0.2 percentage point from the seasonally adjusted December reading of 59.3 percent. The New Orders Index registered 65.4 percent, a decrease of 2 percentage points from the seasonally adjusted December reading of 67.4 percent. The Production Index registered 64.5 percent, a 0.7 percentage point decrease compared to the seasonally adjusted December reading of 65.2 percent. The Employment Index registered 54.2 percent, a decrease of 3.9 percentage points from the seasonally adjusted December reading of 58.1 percent. The Supplier Deliveries Index registered 59.1 percent, a 1.9 percentage point increase from the seasonally adjusted December reading of 57.2 percent. The Inventories Index registered 52.3 percent, an increase of 3.8 percentage points from the December reading of 48.5 percent. The Prices Index registered 72.7 percent in January, a 4.4 percentage point increase from the December reading of 68.3 percent, indicating higher raw materials prices for the 23rd consecutive month. Comments from the panel reflect expanding business conditions, with new orders and production maintaining high levels of expansion; employment expanding at a slower rate; order backlogs expanding at a faster rate; and export orders and imports continuing to grow faster in January. Supplier deliveries continued to slow (improving) at a faster rate. Price increases occurred across all industry sectors. The Customers’ Inventories Index indicates levels are still too low. Capital expenditure lead times increased 8 percent during the month of January."

Of the 18 manufacturing industries, 14 reported growth in January in the following order: Textile Mills; Fabricated Metal Products; Plastics & Rubber Products; Primary Metals; Machinery; Transportation Equipment; Apparel, Leather & Allied Products; Chemical Products; Computer & Electronic Products; Paper Products; Petroleum & Coal Products; Electrical Equipment, Appliances & Components; Miscellaneous Manufacturing; and Food, Beverage & Tobacco Products. Four industries reported contraction during the period: Printing & Related Support Activities; Wood Products; Furniture & Related Products; and Nonmetallic Mineral Products.

 

01-Feb-18 10:03 AM ET - Institute of Supply ManagementNext: 01-Mar-18
US Productivity
decreased
at an annualized rate of 0.1% in Q4,
-0.1%
3.0%
collapse/expand
Preliminary:
Fourth Quarter and Annual Averages 2017, Preliminary

Nonfarm business sector labor productivity decreased 0.1 percent during the fourth quarter of 2017, the U.S. Bureau of Labor Statistics reported today, as output increased 3.2 percent and hours worked increased 3.3 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the fourth quarter of 2016 to the fourth quarter of 2017, productivity increased 1.1 percent, reflecting a 3.2-percent increase in output and a 2.1-percent increase in hours worked. (See tables A1 and 2.) Annual average productivity increased 1.2 percent from 2016 to 2017. (See table C1.)
01-Feb-18 8:34 AM ET - U.S. Bureau of Labor StatisticsNext: 07-Mar-18
Canada GDP
grew
at an annualized rate of 3.5% in Nov
3.5%
3.4%
collapse/expand
Canadian GDP is reported monthly by Statistics Canada. The annual growth rate is the percentage change of current-month GDP at basic prices from the same month one year ago.
31-Jan-18 8:43 AM ET - Statistics CanadaNext: 02-Mar-18
ADP NonFarm Payroll
rose
234,000 in Jan
234,000
242,000
collapse/expand
Broadly distributed to the publiceach month, free of charge, the ADP National Employment Report is produced by the ADP ResearchInstitutein collaboration with Moody's Analytics. The report, which is derived from ADP's actual payrolldata, measures the change in total nonfarm private employment each month on a seasonally-adjustedbasis.
31-Jan-18 8:26 AM ET - ADPNext: 07-Mar-18
Case-Shiller 20-City Home Price Index
rose
6.4% in Nov vs. previous year, to 204.21, the highest level since Mar 2007
6.4%
6.4%
collapse/expand
The S&P/Case-Shiller Home Price Indices are the leading measures for the US residential housing market, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions.
31-Jan-18 7:38 AM ET - Standard & Poor'sNext: 27-Feb-18
EU Unemployment Rate
remained at
8.7% in Dec
8.7%
8.7%
collapse/expand
The euro area (EA19) seasonally-adjusted unemployment rate was 8.7% in December 2017, These figures arepublished by Eurostat, the statistical office of the European Union.
31-Jan-18 7:33 AM ET - EurostatNext: 01-Mar-18
US Personal Savings was 2.4% in Dec, down from 2.5% in Nov & the lowest since Jan 2013
2.4%
2.5%
collapse/expand
The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Saving monthly.
29-Jan-18 9:18 AM ET - U.S. Bureau of Economic AnalysisNext: 01-Mar-18
US Consumer Spending (PCE)
rose
0.1% in Dec
0.1%
0.2%
collapse/expand
The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Consumption Expenditures monthly. A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation.
29-Jan-18 9:18 AM ET - U.S. Bureau of Economic AnalysisNext: 01-Mar-18
US Core Consumer Spending PCE
rose
0.2% in Dec
0.2%
0.1%
collapse/expand
The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Consumption Expenditures monthly. A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation.
29-Jan-18 9:18 AM ET - U.S. Bureau of Economic AnalysisNext: 01-Mar-18
US Personal Income
rose
0.4% in Dec
0.4%
0.3%
collapse/expand
The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Income monthly.
29-Jan-18 9:18 AM ET - U.S. Bureau of Economic AnalysisNext: 01-Mar-18
US Disposable Income
rose
0.3% in Dec
0.3%
0.3%
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The US Bureau of Economic Analysis publishes seasonally adjusted data for Disposable Personal Income monthly.
29-Jan-18 9:18 AM ET - U.S. Bureau of Economic AnalysisNext: 01-Mar-18
US Real GDP
grew
at an annualized rate of 2.6% in Q4
2.6%
3.2%
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Advance Estimate:
Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of2017 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In thethird quarter, real GDP increased 3.2 percent.
26-Jan-18 12:03 PM ET - U.S. Bureau of Economic AnalysisNext: 28-Feb-18
New Home Sales
fell
9.3% in Dec, to 625,000/yr
625,000
689,000
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New Home Sales Sales of new single-family houses in December 2017 were at a seasonally adjusted annual rate of 625,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 9.3 percent (±11.0 percent)* below the revised November rate of 689,000, but is 14.1 percent (±13.0 percent) above the December 2016 estimate of 548,000. An estimated 608,000 new homes were sold in 2017. This is 8.3 percent (±4.1 percent) above the 2016 figure of 561,000.
25-Jan-18 10:32 AM ET - USCBNext: 26-Feb-18
US Corporate Profits
rose
9.8% in Q3 (vs. Q3 2016), revised from 10.0%, to $1.86 Trillion/yr, to the highest level in 12 mos
9.8%
7.4%
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Revised Estimate:
Profits from current production (corporate profits with inventory valuation adjustment and capitalconsumption adjustment) increased $90.2 billion in the third quarter, compared with an increase of$14.4 billion in the second quarter.
21-Dec-17 8:38 AM ET - U.S. Bureau of Economic AnalysisNext: 28-Mar-18
1-Yr ARM
remained at
2.68% on Dec 31
2.68%
2.68%
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Mortgage Rates Top Four Percent

MCLEAN, VA--(Marketwired - Dec 31, 2015) - Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates moving higher with the 30-year fixed-rate mortgage breaking above four percent for the first time in five months.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.01 percent with an average 0.6 point for the week ending December 31, 2015, up from last week when it averaged 3.96 percent. A year ago at this time, the 30-year FRM averaged 3.87 percent. 

  • 15-year FRM this week averaged 3.24 percent with an average 0.6 point, up from 3.22 percent last week. A year ago at this time, the 15-year FRM averaged 3.15 percent. 

  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.08 percent this week with an average 0.4 point, up from last week when it averaged 3.06 percent. A year ago, the 5-year ARM averaged 3.01 percent.

  • 1-year Treasury-indexed ARM averaged 2.68 percent this week with an average 0.2 point, unchanged from last week. At this time last year, the 1-year ARM averaged 2.40 percent. 

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for the Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.

As of January 1, 2016, the PMMS will no longer provide results for the 1-year ARM. Additionally, the regional breakouts will not be provided for the 30-year and 15-year fixed rate mortgages, and the 5/1 Hybrid ARM.

Quote
Attributed to Sean Becketti, chief economist, Freddie Mac.

"In the final week of 2015, Treasury yields jumped reacting in part to strong consumer confidence in December. In response, the 30-year mortgage rate rose 5 basis points to 4.01 percent, ending a 5-month span below 4 percent. After averaging 3.9 percent in the fourth quarter of 2015, we expect the 30-year mortgage rate to average 4.7 percent for the fourth quarter of 2016."

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.



31-Dec-15 10:48 AM ET - Freddie MacNext: 07-Jan-16