U.S. stock futures remained higher after the release of this morning’s economic data.
Mortgage applications dipped last week, after loan rates increased. The Mortgage Bankers Association said its overall index of mortgage applications, which includes refinances and new purchases, fell 14.4% last week. The 30-year fixed-rate mortgage rose to 4.46% from 4.28% in the previous period. A separate report showed housing starts fell in October.
Consumer inflation remains muted. The overall Consumer Price Index rose 0.2% in October, after a 0.1% rise in September. The consensus called for a 0.4% rise. The core CPI, which excludes food and energy, was unchanged for the third straight month. Economists were expecting to see a 0.1% rise.
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