by Calculated Risk on 6/24/2025 07:45:00 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 10:00 AM, New Home Sales for May from the Census Bureau. The consensus is…
by Calculated Risk on 6/24/2025 01:16:00 PM The U.S. hotel industry reported mostly negative year-over-year comparisons, according to CoStar’s latest data through 14 June. … 8-14 June 2025 (percentage change from comparable week in 2024): • Occupancy: 68.6% (-2.4%)• Average daily rate (ADR): US$163.43 (+0.6%)• Revenue per available room (RevPAR): US$112.11 (-1.8%) emphasis added The…
Donald Trump, with his aggressive trade policy, can compensate for the weakening of the British pound caused by Brexit. This could bring sterling back to the levels before the UK left the EU, experts say. Analysts note that the loss of the dollar’s «exclusivity» status due to the unpredictable tariffs of the White House is…
by Calculated Risk on 6/23/2025 08:11:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Lowest Since May 1st Mortgage rates ended the previous week roughly in line with the best levels since May 1st. Today’s modest improvement made it official. Mortgage rates are primarily a function of trading levels in the bond market…
Markets on Edge: Investors Brace for Sell-Off After US Strike on Iran Financial markets are on alert this Monday as investors anticipate a sharp downturn following a US military strike on Iran over the weekend. The potential for retaliation and a surge in oil prices is weighing heavily on global sentiment. Middle East Tensions Eclipse…
by Calculated Risk on 6/23/2025 02:27:00 PM The BLS reported earlier this month: The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 2.2 percent over the last 12 months to an index level of 314.839 (1982-84=100). For the month, the index increased 0.2 percent prior to seasonal adjustment. CPI-W is the…
by Calculated Risk on 6/23/2025 10:50:00 AM Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Increased to 4.03 million SAAR in May; Down 0.7% YoY Excerpt: Sales in May (4.03 million SAAR) were up 0.8% from the previous month and were 0.7% below the May 2024 sales rate. This was the 4th consecutive…
by Calculated Risk on 6/23/2025 08:11:00 AM Altos reports that active single-family inventory was up 0.4% week-over-week. Inventory is now up 32.7% from the seasonal bottom in January and is increasing. Usually, inventory is up about 18% to 19% from the seasonal low by this week in the year. So, 2025 is seeing a larger than…
by Calculated Risk on 6/22/2025 06:15:00 PM Weekend:• Schedule for Week of June 22, 2025 Monday:• At 10:00 AM ET, Existing Home Sales for May from the National Association of Realtors (NAR). The consensus is for 3.95 million SAAR, down from 4.00 million in April. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are…
by Calculated Risk on 6/22/2025 08:48:00 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…