by Calculated Risk on 8/05/2024 07:00:00 PM From Matthew Graham at Mortgage News Daily: Lowest Mortgage Rates in More Than a Year As of Friday, the average top tier 30yr fixed mortgage rate was merely at the lowest levels of 2024. A modest additional drop this morning brought that number to the lowest level since…
by Calculated Risk on 8/05/2024 02:00:00 PM From the Federal Reserve: The July 2024 Senior Loan Officer Opinion Survey on Bank Lending Practices The July 2024 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the…
by Calculated Risk on 8/04/2024 09:41:00 PM Weekend:• Schedule for Week of August 4, 2024 Monday:• At 10:00 AM ET, the ISM Services Index for July. The consensus is for a reading of 51.3, up from 48.8. • At 2:00 PM, Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) for July. From…
by Calculated Risk on 8/04/2024 08:11:00 AM The U.S. hotel industry reported lower performance results than the previous week and mixed comparisons year over year, according to CoStar’s latest data through 27 July. … 21-27 July 2024 (percentage change from comparable week in 2023): • Occupancy: 72.0% (-0.4%)• Average daily rate (ADR): US$164.45 (+1.3%)• Revenue…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Case-Shiller: National House Price Index Up 5.9% year-over-year in May • Inflation Adjusted House Prices 1.9% Below 2022 Peak • Freddie Mac House Price Index Increased Slightly in June; Up 5.1% Year-over-year • Fannie and Freddie: Single Family Serious…
by Calculated Risk on 8/03/2024 08:11:00 AM This will be a light week for economic data. The key report this week is the June Trade Deficit. —– Monday, August 5th —– 10:00 AM: the ISM Services Index for July. The consensus is for a reading of 51.3, up from 48.8. 2:00 PM: Senior Loan…
by Calculated Risk on 8/02/2024 07:05:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. For deaths, I’m currently using 4 weeks ago for “now”, since the most recent three weeks will be revised significantly. Note: “Effective May 1, 2024, hospitals are no longer required to report COVID-19 hospital admissions, hospital…
by Calculated Risk on 8/02/2024 02:33:00 PM What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For June, Realtor.com reported inventory was up 36.6% YoY, but still down 30.6% compared to April 2017 to 2019 levels. Now –…
by Calculated Risk on 8/02/2024 12:03:00 PM The BEA released their estimate of light vehicle sales for July this morning. Click on graph for larger image. This graph shows light vehicle sales since 2006 from the BEA (blue) and BEA’s estimate for July (red). Sales in July (15.82 million SAAR) were up 4.2% from June,…
by Calculated Risk on 8/01/2024 07:40:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• At 8:30 AM ET, Employment Report for July. The consensus is for 175,000 jobs added, and for the unemployment rate to be unchanged at 4.1% Source link