Application activity flat even though rates fell

 · Midtown’s availability rate held steady at an historically low level of close to 6 percent, while Downtown’s rate fell to 7.6 percent–from 9.1 percent at the end of 1999 and nearly 12 percent a year ago. Manhattan office rents continued to rise at a double-digit rate in the past three months and are up 8% from a year ago. Other Business Activity

Foreclosure activity is at the lowest level in over a decade The report also shows a total of 74,341 U.S. properties with foreclosure filings in March 2018, up 21 percent from an all-time low in the previous month but still down 11 percent from a year ago – the 30th consecutive month with a year-over-year decrease in U.S. foreclosure activity.

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 · A Vital Dashboard Indicator For Monetary Policy: Nominal Wage Targets Josh Bivens Summary. And even though the annual unemployment rate fell from 9.6 percent in 2010 to 6.2 percent in 2014, nominal wages in those years barely moved, nearly flat even at 5.5 percent unemployment, then the rate of unemployment consistent with an.

High oil prices blinded the Fed to the growing danger before the crash.. They kept distracting it in September, even though oil had fallen far below its July highs. core inflation was flat, but still thought they needed to get ready to tighten.. ongoing slowdown in economic activity is entirely demand driven.

A contact in Oregon reported a modest increase in building and selling activity due in part to lower mortgage rates, though a few other contacts observed a slight decline in building activity in some areas due to softer demand.

So I think we have to get through that late fall/winter into spring timeframe, when rates were jumping around. tend to be so strong that even though we have quite a bit of success in deposit.

Sean Becketti, Freddie Mac chief economist, noted that even though. application volume – climbed 8.2 percent from the previous week. The refinance index jumped 16 percent, while the purchase index.

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Mortgage rates fell for the. a measure of total loan application volume – increased 0.4 percent. The refinance index rose 3 percent, while the purchase index fell 2 percent. The refinance share of.

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