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| Moody"s Pulls Pin And Walks Away With 10 Minutes Left to Trade | ||
| 5/16/2025 4:26 PM | ||
| Moody"s Pulls Pin And Walks Away With 10 Minutes Left to Trade Bonds began the day stronger after a gentle overnight rally. Selling commenced at 9:30am for the 4th day in a row and picked up slightly after the highest reading on inflation expectations since 1981. Even then, losses were modest at best and bo...Read More | ||
| Mortgage Rates End Week Only Slightly Higher After Decent Recovery | ||
| 5/16/2025 3:25 PM | ||
| The average top tier 30yr fixed rate is set to end the week just a few hundredths of a percent higher than last Friday at 6.92%. That"s a victory--albeit a small one--after hitting 6.99% on Wednesday. As always, these rates refer to an index representing broad industry averages for best-case scenarios. Individual lenders and scenarios can be ...Read More | ||
| Housing Starts Buoyed By Multi-Family Sector | ||
| 5/16/2025 3:11 PM | ||
| The Census Bureau is out with monthly construction numbers for April showing an uptick in construction activity offset by slightly lower permitting. While there are several other metrics in this report, building permits and housing starts (which measures when construction actually begins) are the two that are most widely followed. As seen in...Read More | ||
| Builder Confidence Near Post-Pandemic Lows, But Timing is Everything | ||
| 5/16/2025 2:52 PM | ||
| The National Association of Homebuilders (NAHB) and Wells Fargo released the monthly Housing Market Index (HMI) this week, showing builder confidence falling to the lowest levels since 2023. This is about as low as the index has been since the housing crisis more than a decade ago. While persistently high interest rates remain a top concer...Read More | ||
| Purchase Demand Moves Back Toward 2 Year High; Refis Hold Steady | ||
| 5/16/2025 1:16 PM | ||
| Home purchase demand improved improved last week according to the MBA mortgage application survey. The improvement over the previous week was fairly modest, but the index was already the 4th highest reading of the past 2 years. Now it"s the 5th highest and the latest update takes its place, moving within striking distance of longer term highs...Read More | ||
| DSCR Sales, Processing, UAD 3.6, Homebuyer, LO Locking Tools; STRATMOR Tech Survey | ||
| 5/16/2025 10:44 AM | ||
| This weekend is when many of us head to Manhattan for the MBA’s National Secondary event. For those flying in, check your ticket: NJ Transit’s on strike. Flying into Newark? Transportation Secretary Sean Duffy explains Why He Canceled Wife"s Newark Flight. “…not for safety but because I needed her flight to fly. She had to get there.” That’s comfor...Read More | ||
| Coasting Into The Weekend With Little Regard For Data | ||
| 5/16/2025 9:34 AM | ||
| One might assume that an economic report like Import Prices would carry a lot of weight in light of the news cycle or that the highest 1yr inflation expectations since 1981 in the Consumer Sentiment survey might cause a stir. In practice, Import Price data is never a big market mover. Inflation expectations have had an impact at times, but th...Read More | ||
| Today"s Gains Help Us Understand Yesterday"s Losses | ||
| 5/15/2025 3:25 PM | ||
| Today"s Gains Help Us Understand Yesterday"s Losses Wednesday"s weakness was severely lacking in the scapegoat department. In other words, there were not big, obvious justifications for the spike in bond yields. Today"s rally had a suggestion: perhaps the market was nervous about a potential update to the i...Read More | ||
| Mortgage Rates Catch a Break | ||
| 5/15/2025 2:36 PM | ||
| Mortgage rates have done almost nothing but move higher in the month of May. The latest bump--seen yesterday--took the average top tier 30yr fixed rate to 6.99%. While this is fairly uneventful in the bigger picture, it was a noticeable increase from the 6.81 seen at the end of April, or the slightly lower range before that. Today"s improvem...Read More | ||
| Workflow, 2nd, Portfolio, Bridge, LOS Products; Pulte Interview; Rocket and Prepayment Speeds | ||
| 5/15/2025 10:50 AM | ||
| “There’s a splendid saying about the definition of an economist being someone who “will know tomorrow why the things they predicted yesterday didn"t happen today.” Everyone’s warning everyone about everything these days: Recessions, inflation, housing price collapses, the loss of democracy, Congress becoming unnecessary. The bigger the prediction, ...Read More | ||
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| It's Christmas time for Home Depot. What you need to know about this pivotal sales period | ||
| 5/17/2025 4:17 PM | ||
| Warm weather and seasonal trends like gardening are huge sales generators for the Club name....Read More | ||
| Appealing your property taxes may secure 'several years of savings,’ expert says. Here’s how | ||
| 5/16/2025 5:15 AM | ||
| Property taxes increased in the U.S. in recent years. Appealing the bill can help lower your taxes immediately and secure future savings. Here’s what to know...Read More | ||
| Here's exactly how unaffordable today's housing market is — and where it's getting worse | ||
| 5/15/2025 8:00 AM | ||
| The housing shortage is finally easing, but even with more listings available, the market still historically unaffordable to a huge swath of buyers. Here"s why...Read More | ||
| Mortgage demand from homebuyers continues to recover, even with higher interest rates | ||
| 5/14/2025 6:21 AM | ||
| After falling for most of April, homebuyer mortgage demand rose for the second straight week, as buyers are enticed by more inventory...Read More | ||
| Something 'striking' is happening with apartment renters | ||
| 5/9/2025 10:54 AM | ||
| More renters are choosing to stay in their apartments when their leases are up...Read More | ||
| Americans believe real estate, gold are the best long-term investments. They're wrong, advisors say | ||
| 5/8/2025 8:20 AM | ||
| Some Americans believe real estate and gold are the best assets for long-term investments over stocks. They may be misguided....Read More | ||
| Federal Reserve holds interest rates steady: What that means for credit cards, auto loans, mortgages and more | ||
| 5/7/2025 1:49 PM | ||
| The Fed’s decision to keep rates unchanged still has far-reaching implications for almost all forms of borrowing as well as the returns on a savings account...Read More | ||
| Weekly mortgage demand suddenly surges, despite lingering economic uncertainty | ||
| 5/7/2025 8:53 AM | ||
| Mortgage demand from both homeowners and potential homebuyers moved higher last week, even though mortgage rates didn"t fall very much....Read More | ||
| The Federal Reserve is likely to hold interest rates steady this week. Here's what that means for your borrowing costs | ||
| 5/6/2025 6:00 AM | ||
| From credit cards and mortgage rates to auto loans and savings accounts, all sorts of consumer borrowing costs are impacted by Fed moves...Read More | ||
| Contractor survey shows tradesmen feel pretty good — an encouraging sign for Home Depot | ||
| 5/6/2025 5:24 AM | ||
| A new survey of painters and remodelers" feelings about the economy and the challenges ahead bodes well for Home Depot...Read More | ||
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