by Calculated Risk on 9/22/2025 07:17:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Roughly Unchanged to Start New Week After hitting the lowest levels in nearly a year (and nearly the lowest levels in 3 years) last Tuesday, rates lurched higher following Wednesday’s Fed announcement. While the Fed cut rates as expected,…
This week promises to be busy for the markets: investors are waiting for fresh reports from American technology companies, comments from Fed representatives after the rate cut, new inflation data and quarterly Costco reports. An additional factor of attention was the record gold prices. 1. Technology Sector Reports The stock market is once again focused…
The Hong Kong dollar is strengthening at a record pace in more than 20 years due to strong inflows into local stocks and favorable money market conditions. Over the past 30 days, the currency has grown by 1% against the US dollar, the fastest growth since 2003. On Monday, the exchange rate reached 7.77 per…
by Calculated Risk on 9/22/2025 01:01:00 PM Today, in the Calculated Risk Real Estate Newsletter: California Home Sales Down Year-over-year for 5th Straight Month A brief excerpt: The NAR is scheduled to release August Existing Home sales on Thursday, September 25th at 10:00 AM. The consensus is for the NAR to report sales of 3.98…
by Calculated Risk on 9/22/2025 10:58:00 AM First, shutdowns are expensive, and many government employees continue to work (like the military), but don’t get paid. In the past, all employees who didn’t work were paid in full. Second, there will be an impact on GDP. Depending on the length of the shutdown, this will negatively…
by Calculated Risk on 9/22/2025 08:11:00 AM Altos reports that active single-family inventory was up 0.3% week-over-week. Inventory usually starts to decline in the fall and then declines sharply during the holiday season. The first graph shows the seasonal pattern for active single-family inventory since 2015. Click on graph for larger image. The red line…
by Calculated Risk on 9/21/2025 06:23:00 PM Weekend:• Schedule for Week of September 12, 2025 Monday:• At 8:30 AM ET, Chicago Fed National Activity Index for August. This is a composite index of other data. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 7 and DOW futures are down 56 (fair value)….
by Calculated Risk on 9/21/2025 09:55:00 AM This is something I check occasionally. The Department of Transportation (DOT) reported: Travel on all roads and streets changed by +1.7% (+4.9 billion vehicle miles) for July 2025 as compared with July 2024. Travel for the month is estimated to be 296.0 billion vehicle miles. The seasonally adjusted…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Housing Starts Decreased to 1.307 million Annual Rate in August • Lawler: Early Read on August Existing Home Sales, and Update on Mortgage/MBS Yields and Spreads • 3rd Look at Local Housing Markets in August • 2nd Look at…
by Calculated Risk on 9/20/2025 08:11:00 AM The key reports this week are August New and Existing Home sales, the third estimate of Q2 GDP, and Personal Income and Outlays for August. For manufacturing, the Richmond and Kansas City Fed manufacturing surveys will be released this week. —– Monday, September 22nd —– 8:30 AM ET:…