by Calculated Risk on 6/17/2025 07:56:00 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 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is…
by Calculated Risk on 6/17/2025 12:18:00 PM Today, in the Calculated Risk Real Estate Newsletter: Housing Market Index and Single Family Starts A brief excerpt: This morning, the National Association of Home Builders (NAHB) released their monthly housing market index: Builder Sentiment at Third Lowest Reading Since 2012…There are several negatives for new home builders…
by Calculated Risk on 6/17/2025 09:15:00 AM From the Fed: Industrial Production and Capacity Utilization Industrial production (IP) fell 0.2 percent in May after increasing 0.1 percent in April. Manufacturing output ticked up 0.1 percent in May, driven by a gain of 4.9 percent in the index for motor vehicles and parts; the index for…
by Calculated Risk on 6/16/2025 07:11:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Drift Slightly Higher to Start The Week While there’s been no shortage of political and geopolitical headlines over the past 2 business days, there hasn’t been much by way of inspiration for the bond market. Bonds (and, thus, rates)…
Donald Trump has reported revenue of over $600 million generated from various businesses, including cryptocurrency, golf clubs, and licensing deals. The financial statements, signed on June 13, disclose data for the period up to the end of 2024. This period does not take into account a significant portion of the profits from the family’s cryptocurrency…
Gold is currently holding on to its intraday losses. Overall positive sentiment in the stock markets is undermining demand for bullion. However, a combination of factors is preventing bears from taking aggressive positions, helping the metal stay above the key psychological level of $3400. The continued escalation of geopolitical tensions in the Middle East keeps…
by Calculated Risk on 6/16/2025 10:49:00 AM Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in May A brief excerpt: The NAR is scheduled to release May existing home sales on Monday, June 23rd at 10:00 AM. Housing economist Tom Lawler expects the NAR to report sales at a…
by Calculated Risk on 6/16/2025 08:11:00 AM Altos reports that active single-family inventory was up 2.1% week-over-week. Inventory is now up 32.2% from the seasonal bottom in January and is increasing. Usually, inventory is up about 18% from the seasonal low by this week in the year. So, 2025 is seeing a larger than normal pickup…
by Calculated Risk on 6/15/2025 06:24:00 PM Weekend:• Schedule for Week of June 15, 2025 Monday:• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for June. The consensus is for a reading of -6.0, up from -9.2. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 17 and DOW…
by Calculated Risk on 6/15/2025 09:31:00 AM Most analysts expect no change to FOMC policy at the meeting this week, keeping the target range at 4 1/4 to 4 1/2 percent. Market participants currently expect the FOMC to also be on hold at the July meeting, with the next rate cut in September, and…