Key Economic Indicators – October 21, 2013

  • Due to government shutdown, there  were only a few data releases.
  • The advance figure for initial claims for unemployment insurance decreased 15 thousand to 358 thousand  in the week ending October 12th.
  • The results of Freddie Mac’s Primary Mortgage Market Survey of October 17th showed average fixed mortgage rates edging higher. The 30-year fixed mortgage rate averaged 4.28% for the week ending October 17, up from last week when it averaged 4.23%.
  • Mortgage applications increased 0.3% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending October 11th.
  • The October 2013 Empire State Manufacturing Survey indicated that business conditions held steady for New York manufacturers.
  • The Philadelphia FED business outlook survey for October reported increased manufacturing activity.
  • The FED’s “Beige Book” indicated that overall economic activity continued to expand at a modest to moderate pace during the reporting  period of September through early October.

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