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Mortgage News Daily

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ECON: Consumer Credit Slightly Higher Than Expected
Posted to: Micro News
Thursday, February 07, 2013 3:14 PM

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- Total Consumer Credit up $14.6 bln vs $13.4 bln Forecast
- Revolving credit declined by $3.6 bln
- Non-Revolving rose by $18.2 bln, most since 2001
- Market Reaction: The movement around the 3pm hour was already in the works ahead of this release. It's not traditionally a market mover. Stocks haven't responded, and all bond market movement is assumed to be related to the 3pm Treasury close.




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