Margie Morris

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Fee Increase to Impact Home Loans.

Mortgage Market Guide – Unemployment Rate.

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Existing Home Sales rise 5% in December 2011. Inventories decline to 6.2 months, a positive sign.

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The Producer Price Index (PPI) for finished goods declined -0.1% in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Prices for finished goods moved up +0.3% in November and fell -0.3% in October. At the earlier stages of processing, the index for intermediate goods decreased -0.5% in December, and crude goods prices moved down -1.1%. On an unadjusted basis, the index for finshied goods increased +4.8% in 2011 after rising +3.8% in 2010, according to the U.S. Bureau of Labor Statistics.

“It does look like the pace of growth is pretty steady and this helps keep that intact for now,” said Sean Incremona, a senior economist at 4Cast, Inc. in New York, who forecast a rise to 73. “We have seen positive numbers on the enployment side and gasoline prices have reduced their squeeze on consumers.”

The Thomson Reuters/University of Michigan preliminary index of consumer sentiment rose to 74 from 69.9 at the end of December. The median estimate in a Bloomberg News survey called for 71.5. The gauge averaged 89 in the five years leading up to the recession that began in December 2007 and ended in June 2009.