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Thursday: Unemployment Claims, Fed Chair Janet Yellen

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Thursday: Unemployment Claims, Fed Chair Janet Yellen

From Matthew Graham at Mortgage News Daily: Mortgage Rates Inch Further Into 1-Year Lows Mortgage rates barely budged today, but did manage to gain just a bit of ground. That means another 1-year low, technically, although many lenders are quoting the exact some conventional 30yr fixed rates as yesterday. The range is currently between...
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Tuesday: Small Business Confidence, Job Openings

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Tuesday: Small Business Confidence, Job Openings

From the Boston Globe: Gasoline prices slide even lower in Mass. Gasoline prices fell for the ninth consecutive week in Massachusetts, tumbling to an average of .77 a gallon on Monday, according to AAA Northeast. …It remains unclear whether prices have hit rock-bottom, as...
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Schedule for Week of February 7, 2016

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Schedule for Week of February 7, 2016

The key economic report this week is January retail sales on Friday. The focus will be on Fed Chair Janet Yellen’s Semiannual Monetary Policy testimony to the Congress. —– Monday, February 8th —–10:00 AM ET: The Fed will release the monthly Labor Market Conditions...
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Friday: Employment Report, Trade Deficit

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Friday: Employment Report, Trade Deficit

Employment previews: CR: Preview: Employment Report for January Goldman Payroll Preview: 170K Forecast Tim Duy: Jobs Day Friday:• At 8:30 AM ET, Employment Report for January. The consensus is for an increase of 188,000 non-farm payroll jobs added in January, down from the 292,000...
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“Mortgage Rates Down to New 8-Month Lows”

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“Mortgage Rates Down to New 8-Month Lows”

Wednesday:• 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • 8:15 AM, the ADP Employment Report for January. This report is for private payrolls only (no government). The consensus is for 190,000 payroll jobs...
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Hotel Occupancy: Solid Start for 2016

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Hotel Occupancy: Solid Start for 2016

Here is an update on hotel occupancy from HotelNewsNow.com: STR: US results for week ending 23 January The U.S. hotel industry reported mixed results in the three key performance measurements during the week of 17-23 January 2016, according to data from STR, Inc. In...
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Q4 GDP: Investment

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Q4 GDP: Investment

The graph below shows the contribution to GDP from residential investment, equipment and software, and nonresidential structures (3 quarter trailing average). This is important to follow because residential investment tends to lead the economy, equipment and software is generally coincident, and nonresidential structure investment...
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Comments on December New Home Sales

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Comments on December New Home Sales

The new home sales report for December was above expectations, and sales for September, October and November were revised up. Sales were up 9.9% year-over-year in December (SA). Earlier: New Home Sales increased to 544,000 Annual Rate in December. The Census Bureau reported that...
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Dallas Fed: “Texas Manufacturing Activity Falls Sharply” in January

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Dallas Fed: “Texas Manufacturing Activity Falls Sharply” in January

From the Dallas Fed: Texas Manufacturing Activity Falls Sharply Texas factory activity fell sharply in January, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index—a key measure of state manufacturing conditions—dropped 23 points, from 12.7 to -10.2, suggesting output...
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