by Calculated Risk on 7/02/2025 08:52:00 AM The BEA reported this morning that light vehicle sales were at 15.34 million in June on a seasonally adjusted annual rate basis (SAAR). This was down 1.7% from the sales rate in May, and up 2.3% from June 2024. Note that sales in June 2024 were depressed by…
by Calculated Risk on 7/02/2025 08:46:00 AM From ADP: ADP National Employment Report: Private Sector Employment Shed 33,000 Jobs in June; Annual Pay was Up 4.4% “Though layoffs continue to be rare, a hesitancy to hire and a reluctance to replace departing workers led to job losses last month,” said Dr. Nela Richardson, chief economist,…
by Calculated Risk on 7/02/2025 07:00:00 AM From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 27, 2025. Last week’s results included an adjustment for the…
by Calculated Risk on 7/01/2025 08:43:00 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 June. This report is for private payrolls…
by Calculated Risk on 7/01/2025 04:39:00 PM From Cotality (formerly CoreLogic): US home price insights — July 2025 Spring homebuying season continues to be defined by slower price growth and tepid home buying activity. • Year-over-year price growth dipped to 1.8% in May 2025, down from 5% price growth last May and slowest since the…
by Calculated Risk on 6/30/2025 08:16:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Take Another Step Toward April Lows April 3rd and 4th saw the average top tier 30yr fixed mortgage rates well into the “mid 6’s.” Many lenders were able to quote 6.5% at the time. Just a few days ago,…
by Calculated Risk on 6/30/2025 04:20:00 PM Today President Trump put out a note urging Fed Chair Powell to lower rates. The following image, courtesy of Conor Sen, shows the central bank rates around the world. Mr. Trump wrote: Jerome, You are, as usual, “Too Late”. You have cost the USA a fortune – and…
by Calculated Risk on 6/30/2025 01:16:00 PM Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Declined in May; Up 2.2% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) decreased -0.23% month-over-month (MoM) on a seasonally adjusted (SA) basis in May. On a year-over-year (YoY)…
by Calculated Risk on 6/30/2025 09:51:00 AM Today, in the Calculated Risk Real Estate Newsletter: FHFA’s National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores A brief excerpt: Here are some graphs on outstanding mortgages by interest rate, the average mortgage interest rate, borrowers’ credit scores and current loan-to-value (LTV) from the FHFA’s National…
by Calculated Risk on 6/29/2025 07:08:00 PM Weekend:• Schedule for Week of June 29, 2025 Monday:• At 9:45 AM ET, Chicago Purchasing Managers Index for June. • At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for June. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 17 and DOW futures are up…