CoreLogic leading mortgage index craters again

Monday, 3 July 2017

From CoreLogic:

After it’s recent magical recovery to year on year highs, the index has again cratered again, this time to 2014 lows for the comparable period. Listings are a little better than last year.

The index is volatile sometimes but does appear to be signaling mid-year weakness in mortgage issuance.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.