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Mortgage Apps Are Up

he Mortgage Bankers Association's seasonally adjusted index of refinancing applications climbed 4.1% last week, while the gauge of loan requests for home purchases, a leading indicator of home sales, rose 0.3%.

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Gasoline Pushes Consumer Prices Higher in June

According to the latest Bureau of Labor Statistics (BLS) press release, consumer prices increased in June 0.3% on a seasonally adjusted month-over-month basis. The NAHB's Josh Miller reports, also noting that prices on expenditures made by urban consumers increased 2.1% before seasonal adjustment.

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Consumer Caution on Spending

Most Americans are using cost-saving measures to purchase items this summer. A majority have recently bought generic goods and gone online to find the best deal, while fewer have gone shopping for fun or made major purchases.

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