by Calculated Risk on 1/21/2025 07:24:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Unimpacted by New Executive Orders Bonds were thus able to hold onto the gains from last week with some additional improvement today. The average mortgage lender wasn’t eager to adjust rates, however, with the top tier 30yr fixed rate…
by Calculated Risk on 1/21/2025 01:14:00 PM From the MBA: Share of Mortgage Loans in Forbearance Decreases Slightly to 0.47% in December The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 3 basis points from 0.50% of servicers’ portfolio volume in the prior…
Tuesday: • No major economic releases scheduled. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 32 and DOW futures are up 225 (fair value). Source link
by Calculated Risk on 1/20/2025 02:04:00 PM Today, in the Calculated Risk Real Estate Newsletter: 1.73 million Total Housing Completions in 2024 including Manufactured Homes; Most Since 2006 A brief excerpt: Although total housing starts decreased 3.9% in 2024 compared to 2023, completions increased sharply year-over-year. There were 1.731 million total completions and placements in…
by Calculated Risk on 1/20/2025 11:17:00 AM From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. For the full year 2024, total U.S. carloads were 11.34 million, down 2.9% (343,156 carloads) from 2023 and down 2.3% (265,491 carloads) from 2022. … Carloads excluding coal, on the other hand,…
by Calculated Risk on 1/19/2025 07:16:00 PM Weekend:• Schedule for Week of January 19, 2025 Monday:• All US markets will be closed in observance of Martin Luther King Jr. Day Oil prices were up over the last week with WTI futures at $77.88 per barrel and Brent at $80.79 per barrel. A year ago, WTI…
by Calculated Risk on 1/19/2025 08:14:00 AM The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through 11 January. … 5-11 January 2025 (percentage change from comparable week in 2024): • Occupancy: 49.2% (-7.7%)• Average daily rate (ADR): US$144.03 (-5.9%)• Revenue per available room (RevPAR): US$70.92 (-13.2%)emphasis added The following graph…
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by Calculated Risk on 1/18/2025 08:11:00 AM The key report this week is December Existing Home Sales. —– Monday, January 20th —– All US markets will be closed in observance of Martin Luther King Jr. Day “Our lives begin to end the day we become silent about things that matter.” Martin Luther King Jr. —–…
by Calculated Risk on 1/17/2025 07:48:00 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…