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.

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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,

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