Century Funding, Ltd. - Economic Indicators that Affect Interest Rates

Home Sales (Existing and New Homes)
This report measures existing home sales. These sales react to mortgage rates and also can be determined by the current demand for housing. Existing home sales react within a few months to changes in interest rates while new home sales have a lagged reaction.

Gross Domestic Product - GNP
The GDP is the broadest measure of economic activity. This is measured quarterly. Changes in this figure can be very volatile. The quarterly percent changes reflect the growth rate of the total economic output. The bond market often affects reacts to GDP and can effect mortgage interest rates which are also tied to the bond market. Even small effects on the bond market can affect interest rates.

Institute for Supply Management Index - ISM
This index (formerly NAPM Index Report) is a national survey of purchasing managers. It covers new orders, production, inventories, prices and other orders. This is usually one of the first reports out each month..

Leading Indicators
This report is simply a summary of previously announced economic indicators. This report includes new orders, jobless claims, money supply, average workweek, building permits and stock prices.

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