- Mortgage application submissions saw a composite decrease of 8.1% during the week ending 2/4. Refinance application submissions dropped 7%, while purchase application submissions dropped 10%.
- The consumer price index rose 0.6% month-over-month in January. Year-over-year, the index saw a 7.5% rise – the highest annual level since 1982. Stripping out food and energy, the core consumer price index climbed 6% year-over-year.
- Initial jobless claims fell to a level of 223,000 during the week ending 2/5. Continuing jobless claims remained unchanged at a level of 1.62 million during the week ending 1/29.