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Mortgage Rates at Top of Recent Range

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Mortgage Rates at Top of Recent Range

From Matthew Graham at Mortgage News Daily: Mortgage Rates Surge to 1-Month Highs Mortgage rates rose today at the quickest pace in months, ultimately hitting the highest levels since June 25th for the average lender. While neither of those are “fun” facts for fans of low rates, they are made slightly more palatable by...
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Technical Note: Temporary Census Hiring and the Monthly Employment Report

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Technical Note: Temporary Census Hiring and the Monthly Employment Report

Most of the temporary hiring for the 2020 Census will happen in March, April and May of 2020. But some minor hiring will happen starting later this year. Here is the historical data on temporary Census hiring since 1990. For the monthly CES employment report, the BLS collects the data from Census, and adds...
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LA area Port Traffic Increases YoY in June

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LA area Port Traffic Increases YoY in June

Container traffic gives us an idea about the volume of goods being exported and imported – and usually some hints about the trade report since LA area ports handle about 40% of the nation’s container port traffic. The following graphs are for inbound and outbound traffic at the ports of Los Angeles and Long...
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Q2 GDP Forecasts

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Q2 GDP Forecasts

From Merrill Lynch: We continue to track 3.8% qoq saar for 2Q. .emphasis added And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 3.9 percent on July 11, up from 3.8 percent on July 6. [July...
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MBA: Mortgage Applications Increase in Latest Weekly Survey, Refinance Activity Lowest since 2000

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MBA: Mortgage Applications Increase in Latest Weekly Survey, Refinance Activity Lowest since 2000

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 2.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 6, 2018. This week’s results included an adjustment for the Fourth of July holiday. … The...
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Q2 GDP Forecasts

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Q2 GDP Forecasts

From Merrill Lynch: The data bumped up 2Q GDP tracking by a tenth to 3.8% qoq saar. .emphasis added And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 3.8 percent on July 6, down from...
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Thursday: ADP Employment, Unemployment Claims, ISM non-Mfg Survey, FOMC Minutes

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Thursday: ADP Employment, Unemployment Claims, ISM non-Mfg Survey, FOMC Minutes

Thursday:• At 8:15 AM ET, The ADP Employment Report for June. This report is for private payrolls only (no government). The consensus is for 188,000 payroll jobs added in June, up from 178,000 added in May. • At 8:30 AM, The initial weekly unemployment claims report will be released.  The consensus is for 223...
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Tuesday: Vehicle Sales

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Tuesday: Vehicle Sales

From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Higher After Mid-Day Change Mortgage rates began the day in decent shape relative to last week. The average lender’s rate/fee combo was at least as low as it had been on Friday. As the day progressed, however, underlying bond markets continued to weaken. For...
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Schedule for Week of July 1, 2018

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Schedule for Week of July 1, 2018

The key report this week is the June employment report on Friday. Other key indicators include the June ISM manufacturing and non-manufacturing indexes, June auto sales, and the May trade deficit. —– Monday, July 2nd —–10:00 AM: ISM Manufacturing Index for June. The consensus is for the ISM to be at 58.3, down from...
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Friday: Personal Income and Outlays, Chicago PMI

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Friday: Personal Income and Outlays, Chicago PMI

Friday:• At 8:30 AM ET, Personal Income and Outlays for May. The consensus is for a 0.4% increase in personal income, and for a 0.4% increase in personal spending. And for the Core PCE price index to increase 0.2%. • At 9:45 AM, Chicago Purchasing Managers Index for June. The consensus is for a...
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