by Calculated Risk on 10/21/2024 07:53:00 PM From Matthew Graham at Mortgage News Daily: Rates Jump Quickly to Highest Levels Since July By the smallest of margins, mortgage rates are back up to levels last seen in July. That means we’ve gone from being fairly close to 6% in mid-September to being nearly as close…
by Calculated Risk on 10/21/2024 04:51:00 PM From the MBA: Share of Mortgage Loans in Forbearance Increases to 0.34% in September The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.34% as of September 30, 2024. According to MBA’s estimate, 170,000 homeowners are…
by Calculated Risk on 10/21/2024 11:00:00 AM Today, in the CalculatedRisk Real Estate Newsletter: NMHC on Apartments: “Looser market conditions for the ninth consecutive quarter” Excerpt: From the NMHC: Though the Apartment Market Continues to Loosen, Deal Flow Increases for Third Consecutive Quarter as Debt and Equity Conditions Improve Apartment market conditions showed signs of…
by Calculated Risk on 10/20/2024 06:20:00 PM Weekend:• Schedule for Week of October 20, 2024 Monday:• No major economic releases scheduled. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 4 and DOW futures are up 12 (fair value). Oil prices were down over the last week with WTI futures at $69.22 per…
by Calculated Risk on 10/20/2024 09:50:00 AM Today, in the Calculated Risk Real Estate Newsletter: Lawler: Update on the “Neutral” Rate and Early Read on September Existing Home Sales A brief excerpt: From housing economist Tom Lawler: Early Read on Existing Home Sales in September Based on publicly-available local realtor/MLS reports released across the country…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Housing Starts Decreased to 1.354 million Annual Rate in September • Part 2: Current State of the Housing Market; Overview for mid-October 2024 • 3rd Look at Local Housing Markets in September • Lawler: Changes in Various Interest Rates…
by Calculated Risk on 10/19/2024 08:11:00 AM The key economic reports this week are September New and Existing Home sales. For manufacturing, the Richmond and Kansas City Fed manufacturing surveys will be released this week. —– Monday, October 21st —– No major economic releases scheduled. —– Tuesday, October 22nd —– 10:00 AM: Richmond Fed Survey…
by Calculated Risk on 10/18/2024 07:11:00 PM 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…
by Calculated Risk on 10/18/2024 03:49:00 PM Container traffic gives us an idea about the volume of goods being exported and imported – and usually some hints about the trade report since LA area ports handle about 40% of the nation’s container port traffic. The following graphs are for inbound and outbound traffic at the…
by Calculated Risk on 10/18/2024 12:54:00 PM From BofA: Since our last weekly publication, our 3Q GDP tracking estimate increased by four-tenths to 3.0% q/q saar. [Oct 18th estimate]emphasis added From Goldman: On net, we lowered our Q3 GDP tracking estimate by 0.1pp to +3.1% (quarter-over-quarter annualized). [Oct 17th estimate] And from the Atlanta Fed:…