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Mortgage News Daily: Mortgage Rates Near 2015 Highs, Several major Lenders at 4%

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Mortgage News Daily: Mortgage Rates Near 2015 Highs, Several major Lenders at 4%

Wednesday:• At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:15 AM, the ADP Employment Report for April. This report is for private payrolls only (no government). The consensus is for 205,000 payroll jobs added in April, up from 189,000 in March....
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Why Invest Out-of-State?

Why Invest Out-of-State?

The simple fact is that the best real estate opportunities are not always found in your neighborhood or local market.  You may have heard the saying, “all real state is local”.  Well, with over 400 markets around the United States, some markets become more...
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Hotels at Record Occupancy Pace in 2015

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Hotels at Record Occupancy Pace in 2015

From HotelNewsNow.com: STR: US hotel results for week ending 25 April The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 19-25 April 2015, according to data from STR, Inc. In year-over-year measurements, the industry’s occupancy increased...
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U.S. Light Vehicle Sales declined to 16.5 million annual rate in April

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U.S. Light Vehicle Sales declined to 16.5 million annual rate in April

Based on a WardsAuto estimate, light vehicle sales were at a 16.5 million SAAR in April. That is up 3.3% from April 2014, and down 3.2% from the 17.05 million annual sales rate last month. Click on graph for larger image. This graph shows the...
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FOMC Statement: Slowdown “in part reflecting transitory factors”

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FOMC Statement: Slowdown “in part reflecting transitory factors”

I was out, but no surprises. FOMC Statement: Information received since the Federal Open Market Committee met in March suggests that economic growth slowed during the winter months, in part reflecting transitory factors. The pace of job gains moderated, and the unemployment rate remained...
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The Rise of Single-Family Rentals

The Rise of Single-Family Rentals

Over the past decade, almost all of the growth in America’s households has been driven by renters, especially renters of single-family residences (SFRs). Owning the stereotypical modest home with a white picket fence was long a hallmark of the suburban society that characterized the...
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Vehicle Sales Forecasts: Best April in “13 Years”

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Vehicle Sales Forecasts: Best April in “13 Years”

The automakers will report April vehicle sales on Friday, May 1st. Sales in March were at 17.05 million on a seasonally adjusted annual rate basis (SAAR), and it appears sales will be strong in April too.  April sales (SA) will probably be the best...
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Sunday Night Futures

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Sunday Night Futures

From the Financial Times: Eurozone officials seek to bypass Varoufakis to spur Greek talks A fraught eurozone meeting in Riga at the weekend has left Yanis Varoufakis, the Greek finance minister, increasingly isolated both in Brussels and in Athens as officials seek to bypass...
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Weekly Initial Unemployment Claims increased to 295,000

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Weekly Initial Unemployment Claims increased to 295,000

The DOL reported: In the week ending April 18, the advance figure for seasonally adjusted initial claims was 295,000, an increase of 1,000 from the previous week’s unrevised level of 294,000. The 4-week moving average was 284,500, an increase of 1,750 from the previous...
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