by Calculated Risk on 12/12/2024 01:05:00 PM Today, in the Calculated Risk Real Estate Newsletter: The “Home ATM” Mostly Closed in Q3 A brief excerpt: During the housing bubble, many homeowners borrowed heavily against their perceived home equity – jokingly calling it the “Home ATM” – and this contributed to the subsequent housing bust, since…
by Calculated Risk on 12/12/2024 12:26:00 PM The Federal Reserve released the Q3 2024 Flow of Funds report today: Financial Accounts of the United States. The net worth of households and nonprofits rose to $168.8 trillion during the third quarter of 2024. The value of directly and indirectly held corporate equities increased $3.8 trillion and…
The Indian market ended in red on Thursday as a surge in rate-sensitive IT stocks due to the near-certainty of a U.S. rate cut next week was offset by a decline in almost all other sectors on caution ahead of domestic inflation data. The benchmark S&P BSE Sensex slipped 236.18 points or 0.3% to settle…
by Calculated Risk on 12/12/2024 10:14:00 AM The FDIC released the Quarterly Banking Profile for Q3 2024: The Industry’s Net Income Decreased From the Prior Quarter, Driven by One-Time ItemsThird quarter net income for the 4,517 FDIC-insured commercial banks and savings institutions decreased $6.2 billion (8.6 percent) from the prior quarter to $65.4 billion. The…
by Calculated Risk on 12/11/2024 07:51:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 220 thousand initial claims, up from 213 thousand last week. • Also at 8:30 AM, The Producer Price…
by Calculated Risk on 12/11/2024 01:49:00 PM Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in November A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to November 2019 for each local market (some 2019 data is not available). This…
by Calculated Risk on 12/11/2024 07:00:00 AM From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 5.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 6, 2024. Last week’s results included an adjustment for the…
by Calculated Risk on 12/10/2024 08:06:00 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 Consumer Price Index for November from the BLS. The consensus is…
by Calculated Risk on 12/10/2024 03:00:00 PM The Consumer Price Index for November is scheduled to be released tomorrow. The consensus is for a 0.3% increase in CPI, and a 0.3% increase in core CPI. The consensus is for CPI to be up 2.7% year-over-year and core CPI to be up 3.3% YoY. From Goldman…
On Monday, oil prices jumped after reports of the overthrow of Syrian President Bashar al-Assad by the opposition, which increased fears of an escalation of instability in the Middle East. Brent futures rose by 1.17%, reaching $72 per barrel, and WTI – by 1.32%, to $68.20. Traditionally, any geopolitical aggravation supports the oil market, but…