Seasonally adjusted estimates of the U.S. retail e-commerce sales for Q3 2020 decreased from the Q2 2020 estimate of $211.5 billion to $209.5 billion, which is a decline of 1%.
Mortgage rates hit another record low this week for the thirteenth time this year.
Seasonally adjusted advanced estimates of United States retail and food services sales increased over the prior month as October sales continued the increasing trend.
With a one-week lag, the number of people applying for extended benefits is rising at a slower pace in the last three weeks implying that many people are able to find a job.
At the national level, housing affordability declined in September 2020 compared to a year ago but rose compared to August.
Mortgage rates rose sharply this week, following the trend of the 10-year Treasury yields. The 30-year fixed-rate mortgage increased to an average of 2.84% from 2.78% the previous week.
The annual inflation rate is decelerating, rising for the fifth straight month in October though at a slower pace as the economy gradually recovers from the COVID effect.
Based on the latest data, there are 17.4 million American men and women that are veterans. They represent nearly 7% of the total civilian population.
The food and beverage stores subsector consists of beer, wine and liquor, specialty food stores, and grocery stores, and is likely to carry food retail for the foreseeable future, barring a vaccine.
During the week of October 23, the refinance percent of total applications rose to 66.7% after the share hit a low of 59.5% during the week of May 29.
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