Today's Mortgage Rate Update 4/17/13 Additional Information
By Mike Hendrickson, Fine Homes, Short sales, excellent client services
(Premier Agent Network)
I have decided to add some additional economic information to today's blog that I feel will be helpful. The Consumer Price Index for March declined 0.2 percent after jumping 0.7 in February.Housing Starts were unexpectedly strong in March but it was all in the multifamily family component. In March, housing starts jumped 7.0 percent after a 7.3 percent gain the month before. The March starts annualized level of 1.036 million units topped analysts' forecast for 0.930 million units and was up 46.7 percent on a year-ago basis.Industrial Production was up more than expected in March but it was due to utilities output, not manufacturing, which declined. Overall industrial production gained 0.4 percent after a 1.1 percent spike in February (originally up 0.8 percent). Unusually cold weather d...
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