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Real Estate News |
Gradual Weakness All Day And a Quieter Calendar Ahead
Thu, 16 May 2024 21:00:16 GMT
Gradual Weakness All Day And a Quieter Calendar Ahead Today brought the last of the scheduled economic data until the end of next week. Even then, the data won't be too relevant for at least 2 weeks when th..[read more]
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Mortgage Rates Start Sideways But Move Higher in The Afternoon
Thu, 16 May 2024 20:18:00 GMT
On the average day in the mortgage market, the average lender will offer the same mortgage rate terms for the entire day. It's only when the underlying bond market moves enough that lenders will make mid-day adjustments. Today was one of ..[read more]
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Builders Are Finishing More and More Homes, But Permits Have Been Flat
Thu, 16 May 2024 18:55:00 GMT
The latest data on new residential construction from the U.S. Census Bureau paints a somewhat mixed picture of the housing market. While housing completions surged in April, Housing starts only increased modestly and building permits declined both bu..[read more]
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Back to Boring
Thu, 16 May 2024 16:02:47 GMT
It's the day after the CPI data and thus begins a concerted effort over the next few weeks to avoid compiling every piece of commentary as a simple countdown to the next CPI. To be fair, we will avoid some of that temptation by counting down to..[read more]
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Pricing, POS, Broker to banker, Cybersecurity Tools; STRATMOR/Teraverde Deal Inked
Thu, 16 May 2024 15:47:23 GMT
Attendees of next week's MBA Secondary conference can look forward to' A giant hot dog in Times Square that spits out confetti at high noon. (Keep your risqu comments to yourself please.) They can obviously look forward to much more at the actual con..[read more]
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Like The Last CPI Never Even Happened
Wed, 15 May 2024 19:04:00 GMT
Like The Last CPI Never Even Happened The much anticipated CPI data was perfectly in line with expectations of 0.3% month over month at the core level. That's a far cry from the 0.17% needed to sustain a 2...[read more]
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Mortgage Rates Back Under 7% After Inflation Data
Wed, 15 May 2024 18:28:00 GMT
If it feels like we've been harping on the prospects for rate volatility in response to today's inflation data for several weeks (and we have), today is why. The Consumer Price Index (CPI) is the biggest reliable source of momentum for interest..[read more]
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Persistently High Rates Quash Builder Confidence
Wed, 15 May 2024 17:54:38 GMT
Builders' confidence in the new home market retreated this month , the first decline since last November. The National Association of Home Builders (NAHB) reports that the NAHB/Wells Fargo Housing Market Index (HMI) lost 6 points from its April level..[read more]
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Compliance, Processing Tools; Flagstar/JPM Warehouse Deal; Disaster Updates; Econ News Moving Rates Down?
Wed, 15 May 2024 15:37:30 GMT
Misconceptions and misunderstandings' Capital markets folks at the MBA conference next week should know that The Naked Cowboy in Times Square is not really naked. Soon after his presidency, Jimmy Carter (who's been on hospice care for 15 months) gave..[read more]
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CPI Perfectly Matches Expectations, Making For The Lowest Possible Volatility
Wed, 15 May 2024 14:29:32 GMT
First off: the bond market rallied after the CPI data came out and remains in much stronger territory vs yesterday. That said, the more context we add, the more underwhelming today becomes. As we advised yesterday, even an "as-expected" CPI wou..[read more]
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