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		Home Page Mortgage News You Can Use Index of US economy slips but growth higher-report Friday February 6, 10:30 am ET NEW YORK, Feb 6 (Reuters) - A drop in mortgage applications and higher jobless claims pushed lower a leading index of the U.S. economy, a report showed on Friday. The Economic Cycle Research Institute, an independent forecasting group, said its weekly leading index (WLI) fell to 132.6 in the week ended Jan. 30 compared with the preceding week's upwardly revised reading of 132.8. The annualized growth rate, a four-week moving average that evens out weekly fluctuations, jumped to 11.5 percent from 10.8 percent. "It's impressive that the weekly leading index growth rate has remained in the double digit territory for more than a year -- this has not happened since 1983-1984 and clearly points to robust growth ahead," said ECRI managing director Lakshman Achuthan. Back to Original Article: Mortgage News You Can Use   Continue with: Soft US job market seen postponing day of Fed hike This Fed Heeds No White House G-7 finance chiefs to consider currencies, deficits Mortgage rates don't move much Treasuries Fall on Fed Gov's Optimism Rising rates not all bad for investors AP poll shows drop in consumer confidence Tokyo stocks end down; dollar up vs. yen Treasuries Up, Job Famine Keep Rates Lean France's Mer says G7 must alter message on currency US again outshines euro zone in key OECD indicator Fannie, Freddie to Lose Free Advances From Fed Unemployment Rate Falls to 5.6 Percent Much of World Skeptical of Bush's Budget U.S. Adds 112,000 Jobs, Less Than Expected; Unemployment Is 5.6 Percent Mortgage rates increase again Retailers report robust January sales Interest Rise Good News for Landlords? Staring down debt Bush budget an eternal mortgage How to deduct a boat loan during the tax season Home refinancings fall to 18-month low New Fed Policy To Change Housing GSEs' Cash Use
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