Economic Data Points
Posted on August 16, 2012 at 20:31 PM EDT
1. From the American Association of Railroad’s weekly report on rail traffic: Lumber shipments were up by 19.8% vs. the same week last year (+12.2% YTD), petroleum products by 44.4% (+40.2% YTD), and motor vehicles and equipment by 19.2% (+21.4%).  Conclusion: Housing, oil, and cars are booming.  2. Mortgage rates are starting to head up, [...]

1. From the American Association of Railroad’s weekly report on rail traffic: Lumber shipments were up by 19.8% vs. the same week last year (+12.2% YTD), petroleum products by 44.4% (+40.2% YTD), and motor vehicles and equipment by 19.2% (+21.4%).  Conclusion: Housing, oil, and cars are booming. 

2. Mortgage rates are starting to head up, they increased for the third straight week to the highest levels since early July (3.62% for the 30-year fixed rate and 2.88% for the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


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