- Sales of merchant wholesalers in March were down 1.6%, while inventories were up 0.4%.
- The advance figure for initial claims for unemployment insurance decreased 4 thousand to 323 thousand in the week ending May 4.
- March consumer credit outstanding increased at an annual rate of 3.4% to $2,807.5 billion.
- The results of Freddie Mac’s Primary Mortgage Market Survey showed average fixed mortgage rates reversing their recent trend and moving higher for the first time in six weeks.
- Mortgage applications increased 7.0% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending May 3rd.
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