The euro is rising ahead of a significant event. The European Central Bank is expected to cut interest rates this Thursday before increasingly complex inflation prospects risk bringing internal disagreements to the forefront. As price risks have diminished, officials have cut rates seven times over the past year without major friction within the 26-member Governing…
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,…
Wall Street’s roller coaster: May ends with strong rally A turbulent month came to a strong finish, as the benchmark S&P 500 closed Friday almost exactly where it started the day. Despite a choppy session, May delivered the index’s biggest monthly gain since November 2023. The Nasdaq showed a similarly impressive performance, posting its highest…
by Calculated Risk on 6/02/2025 02:01:00 PM Today, in the Real Estate Newsletter: June 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…
by Calculated Risk on 6/02/2025 11:10:00 AM Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single Family Serious Delinquency Rates Decreased in April Excerpt: Freddie Mac reported that the Single-Family serious delinquency rate in April was 0.57%, down from 0.59% March. Freddie’s rate is up year-over-year from 0.51% in April 2024, however,…
by Calculated Risk on 6/01/2025 06:13:00 PM Weekend:• Schedule for Week of June 1, 2025 Monday:• At 10:00 AM ET, ISM Manufacturing Index for May. The consensus is for the ISM to be at 49.2, up from 48.7 in April. • Also at 10:00 AM, Construction Spending for April. The consensus is for a 0.4%…
XAU/USD. Analysis and Forecast Source link
by Calculated Risk on 6/01/2025 08:21:00 AM This is something to watch again. Here is another monthly update on lumber prices. SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16, 2023. I switched to a physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts long…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Case-Shiller: National House Price Index Up 3.4% year-over-year in March • Inflation Adjusted House Prices 1.0% Below 2022 Peak • Freddie Mac House Price Index Declined in April; Up 2.6% Year-over-year • Final Look at Local Housing Markets in…
by Calculated Risk on 5/31/2025 08:11:00 AM The key report scheduled for this week is the May employment report. Other key reports include the May ISM Manufacturing, Vehicle Sales and April trade balance. —– Monday, June 2nd —– 10:00 AM: ISM Manufacturing Index for May. The consensus is for the ISM to be at 49.2,…