by Calculated Risk on 10/10/2024 08:56:00 AM With the release of the CPI report this morning, we now know the Cost of Living Adjustment (COLA), and the contribution base for 2025. From Social Security: Social Security Announces 2.5 Percent Benefit Increase for 2025 Social Security benefits and Supplemental Security Income (SSI) payments for more than…
by Calculated Risk on 10/10/2024 08:41:00 AM The DOL reported: In the week ending October 5, the advance figure for seasonally adjusted initial claims was 258,000, an increase of 33,000 from the previous week’s unrevised level of 225,000. This is the highest level for initial claims since August 5, 2023 when it was 258,000. The…
by Calculated Risk on 10/09/2024 07:43:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 228 thousand initial claims, up from 225 thousand last week. • Also at 8:30 AM, The Consumer Price…
by Calculated Risk on 10/09/2024 03:35:00 PM From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. Year-to-date total carloads in 2024 through September were down 3.3% (285,871 carloads) from last year and down 3.0% from the first nine months of 2022. So far in 2024, total carloads fell…
by Calculated Risk on 10/09/2024 11:23:00 AM Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in September A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to September 2019 for each local market (some 2019 data is not available). This…
by Calculated Risk on 10/08/2024 08:42:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 2:00 PM, FOMC Minutes, Minutes Meeting of September 17-18, 2024 Source link
by Calculated Risk on 10/07/2024 07:17:00 PM From Matthew Graham at Mortgage News Daily: Highest Mortgage Rates in 2 Months It’s been a strange and frustrating couple of weeks for anyone who mistakenly believed that mortgage rates would move lower after the Fed rate cut. … Bottom line, markets got locked into the belief that…
by Calculated Risk on 10/07/2024 11:42:00 AM Today, in the Real Estate Newsletter: ICE Mortgage Monitor: Insurance Costs “Spike”, Especially in Florida Brief excerpt: The largest insurance increases are in Florida (for obvious reasons – stay safe this week with Hurricane Milton). • While monthly principal, interest, and property tax obligations are up an average…
by Calculated Risk on 10/07/2024 09:40:00 AM From Manheim Consulting today: Wholesale Used-Vehicle Prices Declined in September Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in September compared to August. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.0, a decline of 5.3% from a year ago. The seasonal…
by Calculated Risk on 10/07/2024 08:11:00 AM Altos reports that active single-family inventory was up 0.4% week-over-week. Inventory is now up 48.6% from the February seasonal bottom. The first graph shows the seasonal pattern for active single-family inventory since 2015. Click on graph for larger image. The red line is for 2024. The black line is…