The Oldest and Most Trusted Real Estate News Magazine

Author Archive

Lawler: Updated “Demographic” Outlook Using Recent Population Estimates by Age

By
Lawler: Updated “Demographic” Outlook Using Recent Population Estimates by Age

From housing economist Tom Lawler: Updated “Demographic” Outlook Using Recent Population Estimates by Age Executive Summary: Analysts who use intermediate or long term population projections to forecast key economic variables such as labor force growth, household growth, etc. should recognize that the latest official Census intermediate and long term population projections (produced in 2017...
Read more »

Tags: , , , , , , ,
Posted in Mortgage Brokers | No Comments »

FOMC Minutes: A Wide Range of Views

By
FOMC Minutes: A Wide Range of Views

From the Fed: Minutes of the Federal Open Market Committee, July 30–31, 2019. A few excerpts: In their discussion of monetary policy decisions at this meeting, those participants who favored a reduction in the target range for the federal funds rate pointed to three broad categories of reasons for supporting that action. • First,...
Read more »

Tags: , , , ,
Posted in Mortgage Brokers | No Comments »

The Failed Promises of the 2017 Tax Cuts and Jobs Act (TJCA)

By
The Failed Promises of the 2017 Tax Cuts and Jobs Act (TJCA)

We all remember the promises for the 2017 Tax Cuts and Jobs Act (TJCA): 1) “Boost growth to 3.5 percent per year on average, with the potential to reach a 4 percent growth rate.” 2) Boost business investment 3) Pay for itself (Not increase deficit) 4) Give the typical American household around a ,000...
Read more »

Tags: , , , , ,
Posted in Mortgage Brokers | No Comments »

Schedule for Week of August 18, 2019

By
Schedule for Week of August 18, 2019

The key reports this week are July New and Existing Home Sales. Fed Chair Jerome Powell speaks on Friday at the Jackson Hole Symposium. Also this week, the BLS will release the preliminary employment benchmark revision, and the CBO will release updated budget and economic projections —– Monday, Aug 19th —–No major economic releases...
Read more »

Tags: , , ,
Posted in Mortgage Brokers | No Comments »

Industrial Production Decreased in July

By
Industrial Production Decreased in July

From the Fed: Industrial Production and Capacity Utilization Industrial production declined 0.2 percent in July. Manufacturing output decreased 0.4 percent last month and has fallen more than 1-1/2 percent since December 2018. In July, mining output fell 1.8 percent, as Hurricane Barry caused a sharp but temporary decline in oil extraction in the Gulf...
Read more »

Tags: , , ,
Posted in Mortgage Brokers | No Comments »

Tuesday: CPI, Q2 Quarterly Report on Household Debt and Credit

By
Tuesday: CPI, Q2 Quarterly Report on Household Debt and Credit

From Matthew Graham at Mortgage News Daily: Mortgage Rates Miraculously Flat Despite Massively Lower Treasury Yields Mortgage rates were unchanged to slightly higher today … despite a substantial drop in Treasury yields, mortgage rates are stuck in the mud. emphasis added Tuesday:• At 6:00 AM ET,...
Read more »

Tags: , , , , ,
Posted in Mortgage Brokers | No Comments »

Schedule for Week of August 11, 2019

By
Schedule for Week of August 11, 2019

The key reports this week are July CPI, Housing starts and Retail sales. For manufacturing, the Industrial Production report and the August New York and Philly Fed manufacturing surveys will be released. —– Monday, Aug 12th —–No major economic releases scheduled. —– Tuesday, Aug 13th —–6:00 AM ET: NFIB Small Business Optimism Index for...
Read more »

Tags: , , ,
Posted in Mortgage Brokers | No Comments »

“No, Mortgage Rates Are No Longer “Sharply Lower” This Week!”

By
“No, Mortgage Rates Are No Longer “Sharply Lower” This Week!”

From Matthew Graham at Mortgage News Daily: No, Mortgage Rates Are No Longer “Sharply Lower” This Week! Mortgage rates were sharply higher today, with the average 30yr fixed rate quote rising by almost an eighth of a percentage point in some cases. A move of that magnitude in one day is the sort of...
Read more »

Tags: , , , , , ,
Posted in Mortgage Brokers | No Comments »

Summer Teen Employment

By
Summer Teen Employment

Here is a look at the change in teen employment over time. The graph below shows the participation rate and employment-population ratio for those 16 to 19 years old. The graph is Not Seasonally Adjusted (NSA), to show the seasonal hiring of teenagers during the summer. A few observations:1) Although teen employment has recovered...
Read more »

Tags: , ,
Posted in Mortgage Brokers | No Comments »

Sunday Night Futures

By
Sunday Night Futures

Weekend:• Schedule for Week of Aug 4, 2019 Monday:• At 10:00 AM ET, the ISM non-Manufacturing Index for July.   The consensus is for a reading of 55.5, up from 55.1. From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 and DOW futures are down slightly (fair value). Oil prices were down over the...
Read more »

Tags: , ,
Posted in Mortgage Brokers | No Comments »

Sitemap Madbadcat Graphics