The Oldest and Most Trusted Real Estate News Magazine

Author Archive

Schedule for Week of May 14, 2017

By
Schedule for Week of May 14, 2017

The key economic report this week is April Housing Starts. For manufacturing, April industrial production, and the May New York, and Philly Fed manufacturing surveys, will be released this week. —– Monday, May 15th —–8:30 AM ET: The New York Fed Empire State manufacturing survey for May. The consensus is for a reading of 7.0, up from...
Read more »

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

Retail Sales increased 0.4% in April

By
Retail Sales increased 0.4% in April

On a monthly basis, retail sales increased 0.4 percent from March to April (seasonally adjusted), and sales were up 4.5 percent from April 2016. From the Census Bureau report: Advance estimates of U.S. retail and food services sales for April 2017, adjusted for seasonal variation and holiday and trading-day differences, but not for price...
Read more »

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

MBA: Mortgage “Mortgage Applications Increase in Latest Weekly Survey”

By
MBA: Mortgage “Mortgage Applications Increase in Latest Weekly Survey”

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 2.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 5, 2017. … The Refinance Index increased 3 percent from the previous week. The seasonally adjusted...
Read more »

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

Sunday Night Futures

By
Sunday Night Futures

Weekend:• Schedule for Week of May 7, 2017 Monday:• At 10:00 AM ET, the Fed will release the monthly Labor Market Conditions Index (LMCI). From CNBC: Pre-Market Data and Bloomberg futures: S&P futures and DOW futures are up slightly (fair value). Oil prices were down over the last week with WTI futures at .90 per barrel...
Read more »

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

Oil: Slower Growth for Rig Count

By
Oil: Slower Growth for Rig Count

A few comments from Steven Kopits of Princeton Energy Advisors LLC on May 5, 2017: • Total US oil rigs added 6 to 703, all of it in the Permian • US horizontal oil rigs were up 6 to 598, tied for the second smallest gain since late January • Morgan Stanley, among other...
Read more »

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

Thursday: Unemployment Claims, Trade Deficit

By
Thursday: Unemployment Claims, Trade Deficit

From Merrill Lynch on FOMC announcement: The FOMC communicated today a lack of concern about the recent slowdown in economic data, describing it as “transitory” while “the fundamentals underpinning the continued growth of consumption remained solid”. Not surprisingly then the statement was interpreted as hawkish relative to market expectations, as the Treasury curve bear...
Read more »

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

Tuesday: Auto Sales

By
Tuesday: Auto Sales

From Matthew Graham at Mortgage News Daily: Mortgage Rates Unchanged to Slightly Higher Mortgage rates were unchanged to slightly higher today, keeping them in line with the previous 4 business days.  This 5-day block stands out from the previous trend that had taken rates generally lower since the middle of March, ultimately hitting the best levels...
Read more »

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

Schedule for Week of Apr 30, 2017

By
Schedule for Week of Apr 30, 2017

The key report this week is the April employment report on Friday. Other key indicators include the April ISM manufacturing and non-manufacturing indexes, April auto sales, and the March Trade Deficit. —– Monday, May 1st —–8:30 AM: Personal Income and Outlays for March. The consensus is for a 0.3% increase in personal income, and for a 0.1% increase...
Read more »

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

HVS: Q1 2017 Homeownership and Vacancy Rates

By
HVS: Q1 2017 Homeownership and Vacancy Rates

The Census Bureau released the Residential Vacancies and Homeownership report for Q1 2017. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates.  However, there are serious questions about the accuracy of this survey. This survey might show the trend, but...
Read more »

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

Real House Prices and Price-to-Rent Ratio in February

By
Real House Prices and Price-to-Rent Ratio in February

Here is the earlier post on Case-Shiller: Case-Shiller: National House Price Index increased 5.8% year-over-year in February It has been more than ten years since the bubble peak. In the Case-Shiller release this morning, the seasonally adjusted National Index (SA), was reported as being 2.1% above the previous bubble peak. However, in real terms,...
Read more »

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

Sitemap Madbadcat Graphics