by Calculated Risk on 6/04/2025 12:58:00 PM Today, in the Calculated Risk Real Estate Newsletter: Q1 Update: Delinquencies, Foreclosures and REO A brief excerpt: This entire housing cycle I’ve argued that we would NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key reasons:…
by Calculated Risk on 6/03/2025 08:29:00 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 8:15 AM, The ADP Employment Report for May. This report is for private payrolls…
Markets Brush Off Tariff Threats as S&P 500 Rises Despite fresh trade threats from President Donald Trump, U.S. markets closed higher on Monday, reflecting continued investor confidence in the progress of trade talks between the U.S. and its key economic partners. Trump Doubles Down on Tariffs On Friday night, Trump announced plans to raise tariffs…
by Calculated Risk on 6/03/2025 04:50:00 PM Wards Auto released their estimate of light vehicle sales for May: U.S. Light-Vehicle Sales Growth Slows in May After March-April “Tariff” Surge (pay site). Although sales in May dropped to a level more in line with – in fact, slightly below – pre-tariff expectations after spiking above trend in…
by Calculated Risk on 6/03/2025 10:00:00 AM From the BLS: Job Openings and Labor Turnover Summary The number of job openings was little changed at 7.4 million in April, the U.S. Bureau of Labor Statistics reported today. Over the month, both hires and total separations were little changed at 5.6 million and 5.3 million, respectively….
The euro is rising ahead of a significant event. The European Central Bank is expected to cut interest rates this Thursday before increasingly complex inflation prospects risk bringing internal disagreements to the forefront. As price risks have diminished, officials have cut rates seven times over the past year without major friction within the 26-member Governing…
by Calculated Risk on 6/02/2025 08:09:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Edge Higher to Start Busy Week Mortgage rates have been in an exceptionally narrow range since last Tuesday with the 30yr fixed index hovering just under 7%. The average lender is just a hair higher today versus last Friday,…
Wall Street’s roller coaster: May ends with strong rally A turbulent month came to a strong finish, as the benchmark S&P 500 closed Friday almost exactly where it started the day. Despite a choppy session, May delivered the index’s biggest monthly gain since November 2023. The Nasdaq showed a similarly impressive performance, posting its highest…
by Calculated Risk on 6/02/2025 02:01:00 PM Today, in the Real Estate Newsletter: June ICE Mortgage Monitor: Home Prices Continue to Cool Brief excerpt: House Price Growth Continues to Slow Here is the year-over-year in house prices according to the ICE Home Price Index (HPI). The ICE HPI is a repeat sales index. ICE reports…
by Calculated Risk on 6/02/2025 11:10:00 AM Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single Family Serious Delinquency Rates Decreased in April Excerpt: Freddie Mac reported that the Single-Family serious delinquency rate in April was 0.57%, down from 0.59% March. Freddie’s rate is up year-over-year from 0.51% in April 2024, however,…