by Calculated Risk on 11/04/2024 06:38:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Start Week Slightly Lower as Election Volatility Works Both Ways Love it or hate it, election-related volatility has been having a big impact on the bond market and, thus, mortgage rates. …Mortgage rates didn’t react in an extreme fashion,…
by Calculated Risk on 11/04/2024 02:06:00 PM This was released on Friday. From the Census Bureau reported that overall construction spending decreased: Construction spending during September 2024 was estimated at a seasonally adjusted annual rate of $2,148.8 billion, 0.1 percent above the revised August estimate of $2,146.0 billion. The September figure is 4.6 percent above…
by Calculated Risk on 11/04/2024 10:51:00 AM Today, in the Real Estate Newsletter: ICE Mortgage Monitor: “Annual home price growth cooled for the seventh consecutive month” Brief excerpt: One of the key metrics to watch for mortgage stress is early-stage delinquencies. These are borrowers that are delinquent within 6 months of origination. This was one…
by Calculated Risk on 11/03/2024 08:19:00 PM Weekend:• Schedule for Week of November 3, 2024 Monday:• No major economic releases scheduled. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 8 and DOW futures are down 168 (fair value). Oil prices were down over the last week with WTI futures at $69.49 per…
by Calculated Risk on 11/03/2024 09:59:00 AM Most analysts expect the FOMC will cut the federal funds rate at the meeting this week by 25bp lowering the target range to 4 1/2 to 4 3/4 percent. Currently almost all market participants are expecting a 25bp cut this week. Market participants are also pricing in…
by Calculated Risk on 11/03/2024 07:11:00 AM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. For deaths, I’m currently using 4 weeks ago for “now”, since the most recent three weeks will be revised significantly. Note: “Effective May 1, 2024, hospitals are no longer required to report COVID-19 hospital admissions, hospital…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Case-Shiller: National House Price Index Up 4.2% year-over-year in August • Fannie and Freddie: Single Family and Multi-Family Serious Delinquency Rates Increased in September • Inflation Adjusted House Prices 1.5% Below 2022 Peak • Freddie Mac House Price Index…
by Calculated Risk on 11/02/2024 08:11:00 AM The FOMC meets this week and is expected to cut rates. —– Monday, November 4th —– No major economic releases scheduled. —– Tuesday, November 5th —– All day: U.S. Election 8:30 AM: Trade Balance report for September from the Census Bureau. The consensus is for the deficit to…
by Calculated Risk on 11/01/2024 09:10:00 AM Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 1.5% Below 2022 Peak Excerpt: It has been over 18 years since the bubble peak. In the August Case-Shiller house price index on Tuesday, the seasonally adjusted National Index (SA), was reported as being 75% above…
by Calculated Risk on 11/01/2024 09:07:00 AM The headline jobs number in the October employment report was below expectations, and August and September payrolls were revised down by 112,000 combined. The participation rate and the employment population ratio declined, and the unemployment rate was unchanged at 4.1%. Seasonal Retail Hiring Typically, retail companies start hiring…