by Calculated Risk on 6/05/2025 01:00:00 PM On Friday at 8:30 AM ET, the BLS will release the employment report for May. The consensus is for 130,000 jobs added, and for the unemployment rate to be unchanged at 4.2%. There were 177,000 jobs added in April, and the unemployment rate was at 4.2%. From Goldman Sachs:…
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by Calculated Risk on 6/04/2025 07:30:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET, Trade Balance report for April from the Census Bureau. The consensus is the trade deficit to be $117.3 billion. The U.S. trade deficit was at $140.5 Billion in March. • Also…
by Calculated Risk on 6/04/2025 04:00:00 PM Fed’s Beige Book Reports across the twelve Federal Reserve Districts indicate that economic activity has declined slightly since the previous report. Half of the Districts reported slight to moderate declines in activity, three Districts reported no change, and three Districts reported slight growth. All Districts reported elevated levels…
The Canadian Dollar found a new eight-month peak against the US Dollar on Wednesday. The BoC held rates steady at its latest interest rate decision, giving the Loonie a boost. Global markets await the next episode in Donald Trump’s tariff and trade wars, limiting Greenback flows. The Canadian Dollar caught a rally on Wednesday, bolstered…
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…
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….
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,…