This is highlighted by the divergence between reported home sales (rising) and the mortgageapplicationindex (still close to its lowest levels, no sign of a rebound).
U.S. economic data due for release Wednesday includes the weekly MBA mortgageapplication survey, the producer price index and the weekly DOE energy storage report.
The first report is the MBA MortgageIndex, which showed that mortgageapplication to buy homes increased 1 percent over the previous week, reaching the highest level since June.