7:00a MBA Mortgage Applications
Composite Index - W/W Change 2.4% actual vs -0.6% prior
Purchase Index - W/W Change -2.0% actual vs -1.0% prior
Refinance Index - W/W Change 8.0% actual vs -1.0% prior
Highlights
An 8.0 percent jump in the refinance index, one that followed six weeks of flat results, offset a 2.0 percent decline in the purchase index to make for a 2.4 percent gain in the Mortgage Bankers' Association composite index. The rise in refinancing reflects a new move lower in mortgage rates as 30-year conventional fixed loans averaged 4.33 percent for a 7 basis point weekly decline. But it's the decline in the purchase index, the second in a row, that is the headline in this report and one that will limit expectations for acceleration in the Spring home sales season. Yet despite the weekly decline, the purchase index is still up a strong 7.0 percent compared to this time last year.
10:30a EIA Petroleum Inventories
Crude oil inventories [weekly change] 4.7M barrels actual vs 5.4M barrels prior
Gasoline [weekly change] 3.7M barrels actual vs -1.1M barrels prior
Distillates [weekly change] 0.8M barrels actual vs 0.1M barrels prior
Definition
The Energy Information Administration (EIA) provides weekly information on petroleum inventories in the U.S., whether produced here or abroad. The level of inventories helps determine prices for petroleum products.
Dan 
AI
