by Calculated Risk on 12/11/2024 07:51:00 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 220 thousand initial claims, up from 213 thousand last week. • Also at 8:30 AM, The Producer Price…
by Calculated Risk on 12/11/2024 01:49:00 PM Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in November A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to November 2019 for each local market (some 2019 data is not available). This…
by Calculated Risk on 12/11/2024 07:00:00 AM From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 5.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 6, 2024. Last week’s results included an adjustment for the…
by Calculated Risk on 12/10/2024 08:06:00 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 8:30 AM, The Consumer Price Index for November from the BLS. The consensus is…
by Calculated Risk on 12/10/2024 03:00:00 PM The Consumer Price Index for November is scheduled to be released tomorrow. The consensus is for a 0.3% increase in CPI, and a 0.3% increase in core CPI. The consensus is for CPI to be up 2.7% year-over-year and core CPI to be up 3.3% YoY. From Goldman…
by Calculated Risk on 12/09/2024 08:51:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Higher to Start New Week Mortgage rates ended last week with an impressive drop to the lowest levels in more than a month and a half. Today’s rates ended up being the 2nd lowest over that time after…
by Calculated Risk on 12/09/2024 02:15:00 PM From Dodge Data Analytics: Dodge Momentum Index Slides 2% in November The Dodge Momentum Index (DMI), issued by Dodge Construction Network, decreased 2.3% in November to 191.5 (2000=100) from the revised October reading of 196.0. Over the month, commercial planning fell 4.6% while institutional planning improved 2.5%. “Throughout…
by Calculated Risk on 12/09/2024 08:11:00 AM Altos reports that active single-family inventory was down 2.3% week-over-week. Inventory is now 6.7% below the peak for the year (7 weeks ago). Inventory will now decline seasonally until early next year. The first graph shows the seasonal pattern for active single-family inventory since 2015. Click on graph…
by Calculated Risk on 12/08/2024 06:21:00 PM Weekend:• Schedule for Week of December 8, 2024 Monday:• No major economic releases scheduled. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 and DOW futures are mostly unchanged (fair value). Oil prices were down over the last week with WTI futures at $67.14 per barrel and Brent…
by Calculated Risk on 12/08/2024 08:21:00 AM From CoreLogic: CoreLogic: US Homeowners See Equity Gains Drop by More Than 5 Percent in Q3 CoreLogic® … today released the Homeowner Equity Report (HER) for the third quarter of 2024. The report shows that U.S. homeowners with mortgages (which account for roughly 62% of all properties) saw home equity…