10/11: MetroIntelligence Economic Update by P. DUFFY
Producer Price Index rose 0.2 percent in September and 2.6 percent year-on-year
The Producer Price Index for final demand increased 0.2 percent in September and 2.6 percent year-on-year. The index for final demand less foods, energy, and trade services moved up
0.4 percent in September and 2.9 percent year-on-year. the largest rise since a 0.5-percent increase in January.
Mortgage applications fell 1.7 percent, rates rise to 5.05 percent
The Market Composite Index fell 1.7 percent on a seasonally adjusted basis from one week earlier, with purchase loans 1.0 percent and refinances falling 3.0 percent. The average contract interest rate for 30-year fixed-rate mortgages rose 5.05 percent.$453,100 or less) increased to its highest level since February 2011,
