by Calculated Risk on 5/01/2025 08:30:00 AM The DOL reported: In the week ending April 26, the advance figure for seasonally adjusted initial claims was 241,000, an increase of 18,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 222,000 to 223,000. The 4-week moving average was 226,000,…
by Calculated Risk on 4/30/2025 07:54:00 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 initial claims of 218 thousand, down from 222 thousand last week. • At 10:00 AM ET, ISM Manufacturing…
The United States may withdraw from the negotiations if Russia and Ukraine do not make significant progress soon. The decision to continue the negotiations will be made by Trump, and in the absence of results, the States will have no choice but to stop participating in them. State Department spokeswoman Tammy Bruce stressed that the…
by Calculated Risk on 4/30/2025 12:45:00 PM Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Mostly Unchanged in March; Up 3.0% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.01% month-over-month on a seasonally adjusted (SA) basis in March. On a year-over-year basis,…
by Calculated Risk on 4/30/2025 10:30:00 AM Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through March 2025. CPI Shelter was up 4.0% year-over-year in March, down from 4.2% in February, and down from the cycle peak of 8.2% in…
by Calculated Risk on 4/30/2025 10:15:00 AM The BEA released the Personal Income and Outlays report for March: Personal income increased $116.8 billion (0.5 percent at a monthly rate) in March, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $102.0 billion (0.5…
by Calculated Risk on 4/30/2025 10:00:00 AM From the NAR: Pending Home Sales Jumped 6.1% in March Pending home sales increased 6.1% in March – the greatest month-to-month increase since December 2023 (+7.0%) – according to the National Association of REALTORS®. The Northeast experienced month-over-month losses in transactions, while the Midwest, South and West saw…
by Calculated Risk on 4/30/2025 08:30:00 AM From the BEA: Gross Domestic Product, 1st Quarter 2025 (Advance Estimate) Real gross domestic product (GDP) decreased at an annual rate of 0.3 percent in the first quarter of 2025 (January, February, and March), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In…
by Calculated Risk on 4/30/2025 08:15:00 AM From ADP: ADP National Employment Report: Private Sector Employment Increased by 62,000 Jobs in April; Annual Pay was Up 4.5% “Unease is the word of the day. Employers are trying to reconcile policy and consumer uncertainty with a run of mostly positive economic data,” said Dr. Nela Richardson,…
by Calculated Risk on 4/29/2025 07:11:00 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 April. This report is for private payrolls…