U.S. Stock Market Wrap-Up: Election Anticipation and Investor Anxiety U.S. stocks ended slightly down on Monday after a volatile trading session, with investors bracing for a decisive week as the nation prepares to choose its next president and the Federal Reserve gets set to release a key policy statement. Final Push: Trump vs. Harris In…
by Calculated Risk on 11/05/2024 02:19:00 PM Notes: This CoreLogic House Price Index report is for September. The recent Case-Shiller index release was for August. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic: Annual Home Price Slowdown Continues in September • On an annual basis, home…
by Calculated Risk on 11/05/2024 10:00:00 AM (Posted with permission). The ISM® Services index was at 56.0%, up from 54.9% last month. The employment index increased to 53.0%, from 48.1%. Note: Above 50 indicates expansion, below 50 in contraction. From the Institute for Supply Management: Services PMI® at 56% October 2024 Services ISM® Report On Business®…
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…