7:00a MBA Mortgage Applications Composite Index - W/W 4.9% actual vs 0.3% prior Purchase Index - W/W 2.0% actual vs 8.0% prior Refinance Index - W/W 7.0% actual vs -3.0% prior Definition The Mortgage Bankers' Association compiles various mortgage loan indexes. The purchase applications index measures applications at mortgage lenders. This is a leading indicator for single-family home sales and housing construction.
10:00a Existing Home Sales Annual Rate 5.880M actual vs 6.000M (rev) prior Month over Month -2.0% actual vs 2.2% (rev) prior Year over Year -1.5% actual vs 1.7% (rev) prior Consensus Outlook Existing home sales rebounded strongly to a 5.990 million annual rate and back toward the 6-million-plus rates early in the year. Econoday's consensus for August is a 5.900 annual rate. Definition Existing home sales tally the number of previously constructed homes, condominiums and co-ops in which a sale closed during the month. Existing homes (also known as home resales) account for a larger share of the market than new homes and indicate housing market trends.
10:30a EIA Petroleum Inventories Crude Oil Inventories - W/W -3.5M barrels actual vs -6.4M barrels prior Gasoline Inventories - W/W 3.5M barrels actual vs -1.9M barrels prior Distillate Inventories - W/W -2.6M barrels actual vs -1.7M 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.
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