Mortgage applications decreased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 22, 2021.
. The Refinance Index decreased 5 percent from the previous
week and was 83 percent higher than the same week one year ago.
The seasonally adjusted Purchase
Index decreased 4 percent from one week earlier. The unadjusted Purchase Index increased 3 percent
compared with the previous week and was
16 percent higher than the same week one year ago.
“Mortgage rates were mixed last week, with the 30-year fixed rate rising to its highest level since
November 2020 at 2.95 percent, and all other rates in the survey posting a decline. In a sign that
1/06/2021 12:32:00 PM
The following graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the December 2020 seasonally adjusted annual sales rate (SAAR).
Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new all time high of 575 thousand SAAR in September 2019.
However heavy truck sales started declining in late 2019 due to lower oil prices.
Note: Heavy trucks - trucks more than 14,000 pounds gross vehicle weight.
Click on graph for larger image.
Heavy truck sales really declined towards the end of March due to COVID-19 and the collapse in oil prices, but have since rebounded.
Mortgage Application Activity Kicks Off the New Year Down mortgageorb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageorb.com Daily Mail and Mail on Sunday newspapers.