by Calculated Risk on 6/18/2024 07:27:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday:• All US markets will be closed in observance of Juneteenth National Independence Day • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At…
by Calculated Risk on 6/18/2024 04:26:00 PM Today, in the Calculated Risk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in May A brief excerpt: From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National…
by Calculated Risk on 6/17/2024 07:00:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Back Above 7% to Start New Week Mortgage rates moved modestly higher to start the new week. With the average top tier 30yr fixed rate just under 7% on Friday, this meant a move to just over 7% today….
by Calculated Risk on 6/17/2024 02:15:00 PM Today, in the Calculated Risk Real Estate Newsletter: Comparing the Current Housing Market to the 1978 to 1982 period A brief excerpt: In March 2022, I wrote: Housing: Don’t Compare the Current Housing Boom to the Bubble and Bust It is natural to compare the current housing boom…
by Calculated Risk on 6/17/2024 10:57:00 AM 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 6/16/2024 09:07:00 PM Weekend:• Schedule for Week of June 16, 2024 Monday:• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for June. The consensus is for a reading of -13.0, up from -15.6. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 and DOW futures are little…
by Calculated Risk on 6/16/2024 08:21:00 AM Note: I’ve received a number of requests lately to post this again, so here is another update of tracking employment during Presidential terms. We frequently use Presidential terms as time markers – we could use Speaker of the House, Fed Chair, or any other marker. Important: There are…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Q1 Update: Delinquencies, Foreclosures and REO • Part 1: Current State of the Housing Market; Overview for mid-June 2024 • Part 2: Current State of the Housing Market; Overview for mid-June 2024 • 3rd Look at Local Housing Markets…
by Calculated Risk on 6/15/2024 08:11:00 AM The key reports this week are May Retail Sales, Housing Starts and Existing Home Sales. For manufacturing, Industrial Production, and the NY and Philly Fed manufacturing surveys, will be released this week. —– Monday, June 17th —– 8:30 AM: The New York Fed Empire State manufacturing survey for…
by Calculated Risk on 6/14/2024 07:23:00 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…