MORTGAGE

Producer Price Index

Updated 5/22/2013

Key economic statistics

	This week	Month ago	Year ago
Producer Price Index	194.9	196.2	193.8

What it means: Published by the Bureau of Labor Statistics, the Producer Price Index measures the change in prices received by the original producer at the wholesale level.

How it's used: The Producer Price Index (PPI) measures inflation at the wholesale level, which is an indicator of price pressures faced by businesses and often indicates the price pressures that may soon be faced by consumers.

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30 yr fixed average
3.77%

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Mortgage Overnight Averages

Product	Rate	+/-	Last week
30 yr fixed mtg	3.77%		3.60%
15 yr fixed mtg	2.88%		2.74%
5/1 ARM	2.66%		2.54%
30 yr fixed mtg refi	3.76%		3.58%

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