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Tuesday: Job Openings

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Tuesday: Job Openings

From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Higher, But Steady Overall Mortgage rates rose slightly again today, despite moderate improvement in underlying bond markets. … All that having been said, mortgage rate movement continues to take place inside an exceptionally narrow range.  For the past 3 weeks, most borrowers would be quoted the...
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Schedule for Week of Apr 9, 2017

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Schedule for Week of Apr 9, 2017

The key economic reports this week are Retail Sales and the Consumer Price Index (CPI). —– Monday, Apr 10th —–10:00 AM ET: The Fed will release the monthly Labor Market Conditions Index (LMCI). 4:10 PM: Discussion with Fed Chair Janet Yellen, Discussion with Ford School Dean Susan M. Collins, Gerald R. Ford School of...
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Schedule for Week of Apr 9, 2017

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Schedule for Week of Apr 9, 2017

The key economic reports this week are Retail Sales and the Consumer Price Index (CPI). —– Monday, Apr 10th —–10:00 AM ET: The Fed will release the monthly Labor Market Conditions Index (LMCI). 4:10 PM: Discussion with Fed Chair Janet Yellen, Discussion with Ford School Dean Susan M. Collins, Gerald R. Ford School of...
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Friday: Jobs and Wages

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Friday: Jobs and Wages

Earlier:, my March Employment Preview: Mixed Signals and Goldman: March Employment Preview Friday:• At 8:30 AM ET, Employment Report for March. The consensus is for an increase of 178,000 non-farm payroll jobs added in March, down from the 235,000 non-farm payroll jobs added in February. The consensus is for the unemployment rate to be...
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Wednesday: ADP Employment, ISM non-Mfg Survey, FOMC Minutes

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Wednesday: ADP Employment, ISM non-Mfg Survey, FOMC Minutes

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 March. This report is for private payrolls only (no government). The consensus is for 170,000 payroll jobs added in March, down from 298,000 added in...
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March 2016: Unofficial Problem Bank list declines to 151 Institutions, Q1 2017 Transition Matrix

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March 2016: Unofficial Problem Bank list declines to 151 Institutions, Q1 2017 Transition Matrix

Note: Surferdude808 compiles an unofficial list of Problem Banks compiled only from public sources.  Here are the monthly changes and a few comments from surferdude808: Update on the Unofficial Problem Bank List for March 2017.  During the month, the list declined slightly from 155 institutions to 151 after five removals and one addition.  Assets...
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Q1 GDP Forecasts Downgraded

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Q1 GDP Forecasts Downgraded

The advance GDP report for Q1 GDP will be released in April.  Based on the February Personal Income and Outlays report released this morning, it appears PCE growth is tracking less than 0.5% in Q1. Here are a few updated forecasts for Q1: From the Altanta Fed: GDPNow The GDPNow model forecast for real...
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Zillow Forecast: “Case-Shiller national index is forecast to grow 6 percent year-over-year” in February

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Zillow Forecast: “Case-Shiller national index is forecast to grow 6 percent year-over-year” in February

The Case-Shiller house price indexes for January were released yesterday. Zillow forecasts Case-Shiller a month early, and I like to check the Zillow forecasts since they have been pretty close. From Zillow: February Case-Shiller Forecast: Year-Over-Year Price Gains to Continue Annual gains in the S&P CoreLogic Case-Shiller home price indices are expected to maintain their...
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Freddie Mac: Mortgage Serious Delinquency rate declines in February, Lowest since June 2008

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Freddie Mac: Mortgage Serious Delinquency rate declines in February, Lowest since June 2008

Freddie Mac reported that the Single-Family serious delinquency rate in February was at 0.98%, down from 0.99% in January.  Freddie’s rate is down from 1.26% in February 2016. Freddie’s serious delinquency rate peaked in February 2010 at 4.20%. This is the lowest serious delinquency rate since June 2008. These are mortgage loans that are...
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Schedule for Week of Mar 26, 2017

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Schedule for Week of Mar 26, 2017

The key economic reports this week are the third estimate of Q4 GDP, Personal Income and Outlays for February, and the Case-Shiller house price index. —– Monday, Mar 27th —–10:30 AM: Dallas Fed Survey of Manufacturing Activity for March. —– Tuesday, Mar 28th—– 9:00 AM ET: S&P/Case-Shiller House Price Index for January. Although this is the...
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