Weekly Information 9/10

Mortgage interest rates increased slightly again this past week without much new economic data for the markets to digest. Economic data of note included weekly jobless claims which fell more than expected and the July Trade Deficit which was less than expected. July Wholesale Inventories increased 1.3% on expectations that they would increase 0.4%. Consumer Credit continued to fall in July, down $3.63 billion which was in line with expectations. The Treasury auctioned $67 billion in 3 Year Notes, 10 Year Notes, and 30 Year Bonds this past week which was met with mixed demand from the markets.