by Calculated Risk on 6/03/2025 08:29:00 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 May. This report is for private payrolls…
by Calculated Risk on 6/03/2025 04:50:00 PM Wards Auto released their estimate of light vehicle sales for May: U.S. Light-Vehicle Sales Growth Slows in May After March-April “Tariff” Surge (pay site). Although sales in May dropped to a level more in line with – in fact, slightly below – pre-tariff expectations after spiking above trend in…
by Calculated Risk on 6/03/2025 10:00:00 AM From the BLS: Job Openings and Labor Turnover Summary The number of job openings was little changed at 7.4 million in April, the U.S. Bureau of Labor Statistics reported today. Over the month, both hires and total separations were little changed at 5.6 million and 5.3 million, respectively….
by Calculated Risk on 6/02/2025 08:09:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Edge Higher to Start Busy Week Mortgage rates have been in an exceptionally narrow range since last Tuesday with the 30yr fixed index hovering just under 7%. The average lender is just a hair higher today versus last Friday,…
by Calculated Risk on 6/02/2025 02:01:00 PM Today, in the Real Estate Newsletter: June ICE Mortgage Monitor: Home Prices Continue to Cool Brief excerpt: House Price Growth Continues to Slow Here is the year-over-year in house prices according to the ICE Home Price Index (HPI). The ICE HPI is a repeat sales index. ICE reports…
by Calculated Risk on 6/02/2025 11:10:00 AM Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single Family Serious Delinquency Rates Decreased in April Excerpt: Freddie Mac reported that the Single-Family serious delinquency rate in April was 0.57%, down from 0.59% March. Freddie’s rate is up year-over-year from 0.51% in April 2024, however,…
by Calculated Risk on 6/01/2025 06:13:00 PM Weekend:• Schedule for Week of June 1, 2025 Monday:• At 10:00 AM ET, ISM Manufacturing Index for May. The consensus is for the ISM to be at 49.2, up from 48.7 in April. • Also at 10:00 AM, Construction Spending for April. The consensus is for a 0.4%…
by Calculated Risk on 6/01/2025 08:21:00 AM This is something to watch again. Here is another monthly update on lumber prices. SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16, 2023. I switched to a physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts long…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Case-Shiller: National House Price Index Up 3.4% year-over-year in March • Inflation Adjusted House Prices 1.0% Below 2022 Peak • Freddie Mac House Price Index Declined in April; Up 2.6% Year-over-year • Final Look at Local Housing Markets in…
by Calculated Risk on 5/31/2025 08:11:00 AM The key report scheduled for this week is the May employment report. Other key reports include the May ISM Manufacturing, Vehicle Sales and April trade balance. —– Monday, June 2nd —– 10:00 AM: ISM Manufacturing Index for May. The consensus is for the ISM to be at 49.2,…