From Matthew Graham at Mortgage News Daily: Mortgage Rates Surge 0.125% Higher Mortgage rates spiked quickly today, capping a 3-day run leading back up from the lowest levels in more than a year. Today’s move was by far the biggest and it leaves the average lender offering rates that are at least an eighth...
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Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 228 thousand initial claims, down from 229 thousand the previous week. • Also at 8:30 AM, Personal Income and Outlays for February. The consensus is for a 0.4% increase in personal income, and for a 0.2%...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Surge to Highest Levels in More Than 3 Years Mortgage rates are in trouble. This will come as no surprise to regular readers. For the past few weeks, rates made several successive runs up to the highest levels in more than 9 months. It was...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Trying to Find a Ceiling Mortgage rates were decidedly higher this morning, with most lenders back above last week’s highs.  At the time, those were the highest rates in more than a month, although the range has been relatively narrow.  Underlying bond markets improved throughout the day,...
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Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, Retail sales for February will be released.  The consensus is for 0.2% increase in retail sales in February. • Also at 8:30 AM, The Consumer Price Index for February from...
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Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 265 thousand initial claims, up from 259 thousand the previous week. • Also at 8:30 AM, Retail sales for August will be released.  The consensus is for no change in retail sales in August. • Also...
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From Matt Busigin at Macrofugue: US Recession Callers Are Embarrassing Themselves Through a combination of quackery, charlatanism, and inadequate utilisation of mathematics, callers for US recession in 2016 are embarrassing themselves. Again. The most prominent reason for recession calling may well be the Institute of Supply Management’s Manufacturing Purchasing Manager Index. The problem with...
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Update on Greece, from the WSJ: Greek Bailout Proposals Lift Hopes of Deal From the Financial Times: Painful reality — creditors will support Greece in any case Hopefully a deal will be reached. Tuesday:• At 8:30 AM ET, Durable Goods Orders for May from the Census Bureau. The consensus is for a 0.6% decrease...
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The FOMC will meet on Tuesday and Wednesday. The FOMC statement will be released Wednesday at 2:00 PM ET.  Fed Chair Janet Yellen will hold a press conference at 2:30 PM. What will know for this meeting:• The FOMC will not raise rates. D’oh! • The FOMC will reduce asset purchases (aka QE3) by...
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From housing economist Tom Lawler: The Ryland Group reported that net home orders in the quarter ended June 30, 2014 totaled 2,228, up 1.7% from the comparable quarter of 2013. Sales per community last quarter were down 13.8% from a year ago. Home deliveries last quarter totaled 1,700, up 2.5% from the comparable quarter...
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