unemployment

by Calculated Risk on 10/24/2024 02:33:00 PM From ICE: ICE First Look at Mortgage Performance: September Sees Prepayments at Two-Year High, Slowly Rising Mortgage Delinquencies • The national delinquency rate rose 14 basis points to 3.48% in September, up 4.3% from August and 5.7% year over year • September marked the fourth consecutive year-over-year rise…

by Calculated Risk on 10/24/2024 10:54:00 AM Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Increase to 738,000 Annual Rate in September Brief excerpt: The Census Bureau reported New Home Sales in September were at a seasonally adjusted annual rate (SAAR) of 738 thousand. The previous three months were revised down.…The next graph…

by Calculated Risk on 10/24/2024 10:00:00 AM The Census Bureau reports New Home Sales in September were at a seasonally adjusted annual rate (SAAR) of 738 thousand. The previous three months were revised down. Sales of new single-family houses in September 2024 were at a seasonally adjusted annual rate of 738,000, according to estimates released…

by Calculated Risk on 10/23/2024 07:29:00 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 247 thousand initial claims, up from 241 thousand last week. • Also at 8:30 AM, Chicago Fed National…

by Calculated Risk on 10/23/2024 02:48:00 PM Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture firm billings worsened in September The AIA/Deltek Architecture Billings Index (ABI) score was 45.7 for the month, as the majority of firms continued to report declining billings. Despite recently…

by Calculated Risk on 10/23/2024 07:00:00 AM From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 6.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending October 18, 2024. The Market Composite Index, a measure of mortgage loan…

by Calculated Risk on 10/22/2024 07:01:00 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 10:00 AM, Existing Home Sales for September from the National Association of Realtors (NAR)….

by Calculated Risk on 10/22/2024 11:46:00 AM Every year I track seasonal retail hiring for hints about holiday retail sales.  At the bottom of this post is a graph showing the correlation between October seasonal hiring and holiday retail sales. Here is a graph of retail hiring for previous years based on the BLS employment report: Click on…

by Calculated Risk on 10/21/2024 07:53:00 PM From Matthew Graham at Mortgage News Daily: Rates Jump Quickly to Highest Levels Since July By the smallest of margins, mortgage rates are back up to levels last seen in July. That means we’ve gone from being fairly close to 6% in mid-September to being nearly as close…