by Calculated Risk on 8/27/2025 01:16:00 PM Two weeks ago I wrote The Next Financial Crisis. I noted: The key to preventing a financial crisis is to keep the non-regulated (or poorly regulated) areas of finance out of the financial system. Currently the most obvious non-regulated area of finance is cryptocurrency. And that leaves us…
by Calculated Risk on 8/27/2025 10:00:00 AM Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in July and a Comment on July Sales from Tom Lawler A brief excerpt: After the National Association of Realtors® (NAR) releases the monthly existing home sales report, I pick up additional local market…
by Calculated Risk on 8/27/2025 07:00:00 AM From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 0.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 22, 2025. The Market Composite Index, a measure of mortgage…
by Calculated Risk on 8/26/2025 07:54:00 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. Source link
by Calculated Risk on 8/26/2025 02:01:00 PM Another update … a few key points:1) There is a clear seasonal pattern for house prices.2) The surge in distressed sales during the housing bust distorted the seasonal pattern. This was because distressed sales (at lower price points) happened at a steady rate all year, while regular sales…
by Calculated Risk on 8/26/2025 09:53:00 AM Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 1.9% year-over-year in June Excerpt: S&P/Case-Shiller released the monthly Home Price Indices for June (“June” is a 3-month average of April, May and June closing prices). April closing prices include some contracts signed in…
by Calculated Risk on 8/26/2025 09:00:00 AM S&P/Case-Shiller released the monthly Home Price Indices for June (“June” is a 3-month average of April, May and June closing prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P S&P Cotality Case-Shiller…
by Calculated Risk on 8/25/2025 07:49:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Edge Slightly Higher From Long-Term Lows After last week’s Jackson Hole speech from Fed Chair Powell, rates fell to their lowest levels since October 3rd, 2024, narrowly surpassing the recent long-term low seen on August 13th. Powell tacitly suggested…
by Calculated Risk on 8/25/2025 01:46:00 PM From Intercontinental Exchange: ICE First Look at Mortgage Performance: Delinquencies Ease in July as Foreclosure Activity Edges Higher Intercontinental Exchange, Inc. (NYSE:ICE) … today released its July 2025 ICE First Look at mortgage delinquency, foreclosure and prepayment trends. The data shows that U.S. mortgage performance remains remarkably strong…
by Calculated Risk on 8/25/2025 10:44:00 AM Today, in the Calculated Risk Real Estate Newsletter: New Home Sales at 652,000 Annual Rate in July Brief excerpt: The Census Bureau reported New Home Sales in July were at a seasonally adjusted annual rate (SAAR) of 652 thousand. The previous three months were revised up.…The next graph…