reddie Mac Commentary - Mortgage rates are down following an increase of more than half a percent over five consecutive weeks. Turbulence in the financial markets is putting significant downward pressure on rates, which should benefit borrowers in the sho
Mar 16, 2023 |
March 15, 2023 7:37 AM : Retail Sales decreased by 0.4% in February, which was below estimates of a 0.3% loss. The Control Group, which strips out autos, gas and building materials, remained flat against expectations of a 0.5% gain. The Control Group's pr
Mar 15, 2023 |
Consumer Price Index (CPI) coming out tomorrow at 7:30 am cst. Market expects Ex Food and Energy 0.4% monthly increase and 5.5% for a year . With Food and Energy 0.4% monthly and 6.0% yearly. 7:28 AM : The NFIB Small Business Optimism Index increased by
Mar 14, 2023 |
8:33 am cst - All news takes a back seat today as bonds react to failed Silicon Valley Bank. The 10 year treasury at 8:33 am is down from the March 2nd high of 4.062% to today’s current yield 3.462% as of 8:36 am. Mortgage Bonds are also improving signi
Mar 13, 2023 |
Newsletter - 3/13/2023 Week of March 6, 2023 in Review A deeper look at labor sector data shows the job market may be weaker than the headlines suggest. Plus, the latest forecast on home price appreciation and the Fed’s vow regarding inflation: -Jobs Dat
Mar 12, 2023 |
Friday 3/10/23 7:40 AM : The BLS Jobs report showed that there was an increase of 311,000 jobs in the month of February, which was above expectations of 205,000. Employment gains in December and January were revised lower by a combined 34,000. The unemp
Mar 10, 2023 |