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Posts Tagged ‘ June ’

Freddie Mac: Mortgage Serious Delinquency rates declined in June, Lowest since early 2009

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Freddie Mac: Mortgage Serious Delinquency rates declined in June, Lowest since early 2009

Freddie Mac reported that the Single-Family serious delinquency rate declined in June to 2.79% from 2.85% in May. Freddie’s rate is down from 3.45% in June 2012, and this is the lowest level since May 2009. Freddie’s serious delinquency rate peaked in February 2010 at 4.20%. These are mortgage loans that are “three monthly payments or...
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Key Measures show low inflation in June

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Key Measures show low inflation in June

The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning: According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (2.1% annualized rate) in June. The 16% trimmed-mean Consumer Price Index rose 0.2% (2.2% annualized rate) during the month. The median CPI and 16% trimmed-mean CPI...
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Trulia: Asking Home Prices increased in June

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Trulia: Asking Home Prices increased in June

This was released earlier today: Trulia Reports Asking Home Prices Up 10.7 Percent Year-over-year Nationally as Mortgage Rates Rise Nationally, asking home prices rose 10.7 percent year-over-year (Y-o-Y) in June. Even excluding foreclosures, prices jumped 11.4 percent Y-o-Y, signaling that the current rise in prices is not primarily driven by the shift away from...
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Tuesday: June Auto Sales

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Tuesday: June Auto Sales

More grim news from Europe: Joblessness Edges Higher To Hit a Euro Zone Record Unemployment in the euro zone continued its steady rise in May … The jobless rate in the 17 countries that belong to the euro zone was 12.1 percent in May, adjusting for seasonal effects, according to a report from Eurostat,...
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NY Fed: Empire State Manufacturing index increases in June

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NY Fed: Empire State Manufacturing index increases in June

From the NY Fed: Empire State Manufacturing Survey The June 2013 Empire State Manufacturing Survey indicates that conditions for New York manufacturers improved modestly. The general business conditions index—the most comprehensive of the survey’s measures—rose nine points to 7.8. Nevertheless, most other indicators in the survey fell. The new orders index slipped six points...
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MBA: Mortgage Purchase activity highest since June

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MBA: Mortgage Purchase activity highest since June

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey The Refinance Index decreased 2 percent from the previous week. The seasonally adjusted Purchase Index increased 2 percent from one week earlier. “Refinance applications declined somewhat last week although volume is still near three-year highs, and purchase applications increased to the highest level...
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Misc: Chicago PMI increases slightly, Consumer Confidence up, CoreLogic 60,000 Foreclosures in June

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Misc: Chicago PMI increases slightly, Consumer Confidence up, CoreLogic 60,000 Foreclosures in June

Some earlier news … • From Chicago ISM: Chicago Business Barometer gained incrementally The PMI increased to 53.7 from 52.9. Expectations were for a decrease to 52.5. The employment index decreased to 53.5 from 60.4, and new orders increased to 52.9 from 51.9. • From Reuters: Consumer confidence rises in July The Conference Board,...
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Summary for Week ending June 29th

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Summary for Week ending June 29th

The top economic story last week was the eurozone deal. From the Financial Times: The agreement will result in EU bailout funds eventually being injected directly into teetering Spanish financial institutions, meaning Madrid can sweep the burden of the bailouts off its sovereign books. However, the rescue for Spain’s banks will only come after...
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Summary for Week ending June 22nd

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Summary for Week ending June 22nd

In a reversal of fortune, the only recent good news has been from the housing sector. Housing starts were down slightly in May, but that was because of the volatile multi-family sector. The details were better: single family starts were up, revisions to previous reports were up, and permits were up sharply. The headline...
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Schedule for Week of June 10th

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Schedule for Week of June 10th

Earlier: • Summary for Week Ending June 8th The key report this week is the May retail sales report. For manufacturing, the May NY Fed (Empire state) survey, and the May Industrial Production and Capacity Utilization report will be released this week. For prices, the May Producer Price Index and Consumer Price Index will...
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