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Posts Tagged ‘ Decline ’

Oil Rigs decline slightly

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Oil Rigs decline slightly

A few comments from Steven Kopits of Princeton Energy Advisors LLC on July 21, 2017: • Total US oil rigs were down 1 to 764 • Horizontal oil rigs were down 2 to 653…• WTI seems sufficient to restrain US oil rig count growth • However, shale well productivity yoy continues to surge based...
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Mortgage Rates Decline after FOMC Annoucement

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Mortgage Rates Decline after FOMC Annoucement

From Matthew Graham at Mortgage News Daily: Mortgage Rates Drop Sharply After Fed Announcement While the Fed Funds Rate doesn’t directly dictate mortgage rates, the two tend to correlate over time. At its most basic level, the Fed rate dictates the cost of short term money, which has ripple effects that carry through to...
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30 Year Mortgage Rates decline to March Lows

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30 Year Mortgage Rates decline to March Lows

From Matthew Graham at Mortgage News Daily: Mortgage Rates End Week at March Lows Mortgage rates moved modestly lower on average today after doing an admirable job of holding their ground amid weaker market conditions yesterday. That weakness was largely the result of a technical correction to the immense strength seen after Wednesday’s Fed...
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U.S. Light Vehicle Sales decline to 16.4 million annual rate in July

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U.S. Light Vehicle Sales decline to 16.4 million annual rate in July

Based on an WardsAuto estimate, light vehicle sales were at a 16.4 million SAAR in July. That is up 5% from July 2013, and down 2.5% from the 16.9 million annual sales rate last month. This was below the consensus forecast of 16.7 million SAAR (seasonally adjusted annual rate). Click on graph for larger image....
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U.S. Light Vehicle Sales decline to 15.2 million annual rate in September

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U.S. Light Vehicle Sales decline to 15.2 million annual rate in September

Based on an estimate from WardsAuto, light vehicle sales were at a 15.24 million SAAR in September. That is up 2.4% from September 2012, and down 4.9% from the sales rate last month. Some of the decline in September (and strong August) was related to the timing of the Labor Day holiday. This was below the consensus forecast...
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Freddie Mac: 30 Year Mortgage Rates Decline to 4.37% in Latest Weekly Survey

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Freddie Mac: 30 Year Mortgage Rates Decline to 4.37% in Latest Weekly Survey

From Freddie Mac today: Mortgage Rates Cool Off Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates easing along with market concerns over the Federal Reserve’s bond purchase program … 30-year fixed-rate mortgage (FRM) averaged 4.37 percent with an average 0.7 point for the week...
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Weekly Initial Unemployment Claims decline to 340,000

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Weekly Initial Unemployment Claims decline to 340,000

The DOL reports: In the week ending May 18, the advance figure for seasonally adjusted initial claims was 340,000, a decrease of 23,000 from the previous week’s revised figure of 363,000. The 4-week moving average was 339,500, a decrease of 500 from the previous week’s revised average of 340,000. The previous week was revised...
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Las Vegas Real Estate in April: Year-over-year Inventory decline slows

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Las Vegas Real Estate in April: Year-over-year Inventory decline slows

This is a key distressed market to follow since Las Vegas has seen the largest price decline of any of the Case-Shiller composite 20 cities. The Greater Las Vegas Association of Realtors reported Local home prices rise again, according to GLVAR report GLVAR said the total number of existing local homes, condominiums and townhomes...
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Report: U.S. Foreclosure Starts Decline in January due to new California Law

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Report: U.S. Foreclosure Starts Decline in January due to new California Law

From RealtyTrac: U.S. Foreclosure Starts Fall to Six-Year Low in January RealtyTrac® … today released its U.S. Foreclosure Market Report™ for January 2013, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 150,864 U.S. properties in January, a decrease of 7 percent from the previous month and...
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Weekly Initial Unemployment Claims decline to 393,000

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Weekly Initial Unemployment Claims decline to 393,000

Note: From MarketWatch: U.S. Q3 GDP revised up to 2.7% from 2.0% (I’ll have more later on the GDP revision). The DOL reports: In the week ending November 24, the advance figure for seasonally adjusted initial claims was 393,000, a decrease of 23,000 from the previous week’s revised figure of 416,000. The 4-week moving...
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