by Calculated Risk on 5/06/2025 07:46:00 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 2:00 PM, FOMC Meeting Announcement. No change to to the Fed funds rate is…
by Calculated Risk on 5/06/2025 02:01:00 PM Anecdotally, I’ve heard that airlines ticket prices are falling. That suggests less travel. Also, the Real ID restrictions go in place tomorrow, and that might impact domestic airline travel. This is also something to watch with less international travel. Here are the daily travel numbers from the TSA. This data…
by Calculated Risk on 5/06/2025 10:29:00 AM Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year Brief excerpt: Another monthly update on rents. Tracking rents is important for understanding the dynamics of the housing market. Slower household formation and increased supply (more multi-family completions) has kept asking rents under pressure. More recently, immigration…
by Calculated Risk on 5/05/2025 07:15:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Roughly Unchanged to Start New Week Mortgage rates faced a slight headwind on Monday as economic data caused weakness in the bond market. This would typically result in higher mortgage rates, but in today’s case, the damage was minimal….
by Calculated Risk on 5/05/2025 02:14:00 PM Early in February, I expressed my “increasing concern” about the negative economic impact of “executive / fiscal policy errors”, however, I concluded that post by noting that I was not currently on recession watch. In early April, I went on recession watch, but I’m still not yet predicting a…
by Calculated Risk on 5/05/2025 11:56:00 AM Today, in the Real Estate Newsletter: 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 the…
by Calculated Risk on 5/04/2025 06:13:00 PM Weekend:• Schedule for Week of May 4, 2025 Monday:• At 10:00 AM ET, the ISM Services Index for April. The consensus is for a reading of 50.6, down from 50.8. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 12 and DOW futures are down…
by Calculated Risk on 5/04/2025 09:22:00 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 June meeting, with the next rate cut in July, and…
by Calculated Risk on 5/03/2025 07:04:00 PM The U.S. hotel industry reported mixed year-over-year comparisons, according to CoStar’s latest data through 26 April. … 20-26 April 2025 (percentage change from comparable week in 2024): • Occupancy: 65.1% (-1.0%)• Average daily rate (ADR): US$161.98 (+4.2%)• Revenue per available room (RevPAR): US$105.40 (+3.2%)emphasis added The following graph…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Case-Shiller: National House Price Index Up 3.9% year-over-year in February • Freddie Mac House Price Index Mostly Unchanged in March; Up 3.0% Year-over-year • Fannie and Freddie: Single Family Serious Delinquency Rates Decreased in March • Inflation Adjusted House…