Mortgage rates ended the week unchanged in spite of some day-to-day volatility. Housing data was mostly positive last week while manufacturing and confidence data disappointed. The S&P/Case-Shiller 10-City Home Price Index was up 4.1% in July versus a year earlier, while the 20-city index climbed 3.2%. Construction Spending showed an unexpected rise of 0.4% in August. Pending Home Sales climbed 4.3%, the second consecutive monthly increase. RealtyTrac reported that foreclosed homes accounted for 24% of all 2nd-quarter sales, at an average price discount of 26% compared with homes not in the foreclosure process. In a “normal” market, foreclosure sales account for less than 5% of total sales. Personal Income was up 0.5% and Personal Consumption was up 0.4% – income outpaced consumption which helps the savings rate. The ISM Manufacturing Index showed expansion at the slowest pace in 10 months. Consumer Confidence fell in September to the lowest level in seven months, mostly due to the employment situation. Currently, the 30 Year Fixed is 3.875% (4.036% APR) and the 15 Year Fixed is 3.375% (3.624% APR). Not much happening this week other than Friday’s employment data.