by Calculated Risk on 7/02/2025 08:11:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET, Employment Report for June. The consensus is for 129,000 jobs added, and for the unemployment rate to be unchanged at 4.2%. • Also at 8:30 AM, The initial weekly unemployment…
by Calculated Risk on 7/02/2025 03:45:00 PM On Thursday at 8:30 AM ET, the BLS will release the employment report for June. The consensus is for 129,000 jobs added, and for the unemployment rate to be unchanged at 4.2%. There were 139,000 jobs added in May, and the unemployment rate was at 4.2%. From Goldman Sachs:…
by Calculated Risk on 7/02/2025 12:32:00 PM Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year Brief excerpt: Another monthly update on rents. Tracking rents is important for understanding the dynamics of the housing market. Slower household formation and increased supply (more multi-family completions) has kept asking rents under pressure. More recently, immigration…
by Calculated Risk on 7/02/2025 09:44:00 AM This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the June 2025 seasonally adjusted annual sales rate (SAAR) of 435 thousand. Note: “Heavy trucks – trucks more than 14,000 pounds gross vehicle weight.” Click on graph for larger image. Heavy…
by Calculated Risk on 7/02/2025 08:52:00 AM The BEA reported this morning that light vehicle sales were at 15.34 million in June on a seasonally adjusted annual rate basis (SAAR). This was down 1.7% from the sales rate in May, and up 2.3% from June 2024. Note that sales in June 2024 were depressed by…
by Calculated Risk on 7/02/2025 08:46:00 AM From ADP: ADP National Employment Report: Private Sector Employment Shed 33,000 Jobs in June; Annual Pay was Up 4.4% “Though layoffs continue to be rare, a hesitancy to hire and a reluctance to replace departing workers led to job losses last month,” said Dr. Nela Richardson, chief economist,…
by Calculated Risk on 7/02/2025 07:00:00 AM From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 27, 2025. Last week’s results included an adjustment for the…
by Calculated Risk on 7/01/2025 08:43:00 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 8:15 AM, The ADP Employment Report for June. This report is for private payrolls…
by Calculated Risk on 7/01/2025 04:39:00 PM From Cotality (formerly CoreLogic): US home price insights — July 2025 Spring homebuying season continues to be defined by slower price growth and tepid home buying activity. • Year-over-year price growth dipped to 1.8% in May 2025, down from 5% price growth last May and slowest since the…
by Calculated Risk on 6/30/2025 08:16:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Take Another Step Toward April Lows April 3rd and 4th saw the average top tier 30yr fixed mortgage rates well into the “mid 6’s.” Many lenders were able to quote 6.5% at the time. Just a few days ago,…