President Trump “I think we’ll end up probably terminating NAFTA at some point.”
July New Home Sales: 571K vs. 610K expected, 610K prior (revised from 630K).
Aug. U.S. PMI Composite: 56.0 vs. 54.3 consensus, 54.2 prior.
Services PMI 56.9 vs 54.8 consensus, 54.2 prior.
Manufacturing PMI 52.5 vs 53.2 consensus, 53.2 prior.
MBA Mortgage Applications
Composite Index: -0.5% vs. +0.1% last week.
Purchase Index: -2.0% vs. -2.0%.
Refinance Index: +0.3% vs. +2.0%
30 year mortgage rate remains unchanged at 4.12%.