by Calculated Risk on 3/25/2025 07:15:00 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, Durable Goods Orders for February from the Census Bureau. The consensus is…
by Calculated Risk on 3/25/2025 04:27:00 PM From WardsAuto: U.S. Light-Vehicle Sales Heading for Long-Time-High Gain in March (pay content). Brief excerpt: Deliveries appear to have accelerated sharply in the middle of the month, creating momentum that could cause sales to overshoot the forecast. Conversely, overall inventory is relatively lean – and could atypically decline…
by Calculated Risk on 3/25/2025 11:22:00 AM Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Increase to 676,000 Annual Rate in February Brief excerpt: The Census Bureau reported New Home Sales in February were at a seasonally adjusted annual rate (SAAR) of 676 thousand. The previous three months were revised down, combined.…The…
by Calculated Risk on 3/24/2025 07:34:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Higher to Start New Week The average mortgage lender raised rates modestly on Monday morning–a logical move considering the weakness in the bond market over the weekend. Rates are based directly on bonds. Bond “weakness” means investors are…
by Calculated Risk on 3/24/2025 02:51:00 PM This is something to watch with less international travel. Here are the daily travel numbers from the TSA. This data is as of March 23, 2025. Click on graph for larger image. This data shows the 7-day average of daily total traveler throughput from the TSA (Blue). Air travel is…
by Calculated Risk on 3/24/2025 11:18:00 AM Today, in the CalculatedRisk Real Estate Newsletter: Policy and 2025 Housing Outlook Excerpt: I started the year taking Fed Chair Jerome Powell’s approach to the impact of policy: I’d wait to see what was implemented before changing my outlook. Now we know a little more. Although there is…
March 24, 2025March 24, 2025 On Monday, CM Yogi Adityanath highlighted Uttar Pradesh’s economic progress and welfare initiatives while marking eight years of the state’s NDA government. He stated that the unemployment rate has dropped below 3% from 19% in 2016, while per capita income has risen from Rs…
by Calculated Risk on 3/23/2025 06:51:00 PM Weekend:• Schedule for Week of March 23, 2025 Monday:• At 8:30 AM ET, Chicago Fed National Activity Index for February. This is a composite index of other data. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 25 and DOW futures are up 160 (fair value)….
by Calculated Risk on 3/23/2025 10:05:00 AM Last week, in the CalculatedRisk Real Estate Newsletter on March existing home sales, NAR: Existing-Home Sales Increased to 4.26 million SAAR in February; Down 1.2% YoY, I noted: On a month-over-month basis, median prices increased 1.3% from January and are now down 6.7% from the June 2024 peak. This…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • NAR: Existing-Home Sales Increased to 4.26 million SAAR in February; Down 1.2% YoY • Housing Starts Increased to 1.501 million Annual Rate in February • Lennar: “Didn’t see typical seasonal pickup after February” • Lawler: Early Read on Existing…