by Calculated Risk on 10/31/2024 08:30:00 AM The DOL reported: In the week ending October 26, the advance figure for seasonally adjusted initial claims was 216,000, a decrease of 12,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 227,000 to 228,000. The 4-week moving average was 236,500,…
by Calculated Risk on 10/30/2024 08:05:00 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 230 thousand initial claims, up from 227 thousand last week. • Also at 8:30 AM, Personal Income and…
by Calculated Risk on 10/30/2024 12:38:00 PM Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single Family and Multi-Family Serious Delinquency Rates Increased in September Excerpt: Single-family serious delinquencies increased slightly in September, and multi-family serious delinquencies increased. Freddie Mac reported that the Single-Family serious delinquency rate in September was 0.54%, up…
by Calculated Risk on 10/30/2024 10:00:00 AM From the NAR: Pending Home Sales Advanced 7.4% in September ending home sales rose in September, according to the National Association of REALTORS®. All four major regions experienced month-over-month gains in transactions. Year-over-year, the Northeast and West registered increases while sales remained steady in the Midwest and South….
by Calculated Risk on 10/29/2024 08:03:00 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. • 8:15 AM, The ADP Employment Report for October. This report is for private payrolls only…
by Calculated Risk on 10/29/2024 05:30:00 PM The Census Bureau released the Residential Vacancies and Homeownership report for Q3 2024 today. The results of this survey were significantly distorted by the pandemic in 2020. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and…
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by Calculated Risk on 10/29/2024 10:17:00 AM Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 4.2% year-over-year in August Excerpt: S&P/Case-Shiller released the monthly Home Price Indices for August (“August” is a 3-month average of June, July and August closing prices). August closing prices include some contracts signed in…
by Calculated Risk on 10/28/2024 07:19:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Back to 7% It’s no mystery that mortgage rates have had a terrible October. As of last Friday, the average lender’s top tier 30yr fixed rates were up to 6.90–an increase of more than 0.625% this month. Today’s 0.10%…
by Calculated Risk on 10/28/2024 04:04:00 PM The October employment report will be released on Friday. The consensus is for 120,000 jobs added, and for the unemployment rate to be unchanged at 4.1%. Analysts are trying to estimate the distortion from Hurrican Milton. In September 2005, the initial BLS report showed a loss of 35…