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  • Mon, Sep 25 2017
  • 4:35 PM » Economists at the Fed are worried about its ability to respond to future crises
    Published Mon, Sep 25 2017 4:35 PM by CNBC
    Fed economists worry that the central bank may have a hard time lowering rates when future economic crises arise.
  • 3:28 PM » Fed policymakers clash on outlook for inflation
    Published Mon, Sep 25 2017 3:28 PM by Reuters
    SYRACUSE, N.Y./GRAND RAPIDS, Mich. (Reuters) - A debate within the Federal Reserve over the outlook for U.S. inflation burst into public view just days after a rate-setting meeting in Washington, with one central banker saying inflation weakness is fading and another suggesting he's nervous it won't.
  • 3:04 PM » The No. 1 mistake homebuyers make when trying to get a good deal
    Published Mon, Sep 25 2017 3:04 PM by CNBC
    When thinking about whether to purchase real estate, it helps to first change your mindset in one crucial way.
  • 1:58 PM » Has The Fed Abandoned Its Reaction Function?
    Published Mon, Sep 25 2017 1:58 PM by Calculated Risk Blog
    From economist Tim Duy at FedWatch: Has The Fed Abandoned Its Reaction Function? The immediate policy outcomes of the FOMC meeting were largely as expected. Central bankers left interest rates unchanged while announcing that the reduction of the balance sheet will begin in October as earlier outlined in June. The real action was in the Summary of Economic Projections. Policymakers continue to anticipate one more rate hike this year and three next. This policy stance looks inconsistent with the downward revisions to projections of inflation and the neutral rate; under the Fed's earlier reaction function, the combination of the two would drive down rate projections . Arguably, policy is thus no longer as data dependent as the Fed would like us to believe. That or the reaction function has changed. ... The economic forecasts were somewhat confounding. Policymakers edged up their growth forecasts, but still anticipate that unemployment will end the year at 4.3%. The unemployment forecast for the next two years edged down 0.1 percentage point, but this relative stability is somewhat confusing given that growth is expected to exceed potential growth until 2020 (remember, the Fed believes that labor force participation is more likely to fall than rise, so strong growth should induce downward pressure on unemployment). ... Bottom line: the Fed is strongly committed to rate hikes. The don't appear to be following their earlier reaction function; policy feels path dependent at the moment. Indeed, given the Fed's expectation of low inflation and volatile and possibly weak data due to the hurricanes, it is difficult to see what stops the Fed from hiking in December.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 1:57 PM » Fed's Evans won't support another rate hike until there are ‘clear signs' of higher inflation
    Published Mon, Sep 25 2017 1:57 PM by Market Watch
    Chicago Fed President Charles Evans said Monday the Fed should not raise rates again until there are 'clear signs' of building wage and prices pressures.
  • 11:53 AM » Homeowners' Equity Continues to Improve
    Published Mon, Sep 25 2017 11:53 AM by eyeonhousing.org
    The Board of Governors of the Federal Reserve System published the Financial Accounts of the United States for the second quarter of 2017. The balance sheet of U.S. households with real estate continues to improve as the increases in home prices continue. Households' owner-occupied real estate increased to $23.8 trillion in the second quarter of 2017, $1,597 billion more than... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 10:54 AM » Dallas Fed: "Growth in Texas Manufacturing Activity Holds Steady" in September
    Published Mon, Sep 25 2017 10:54 AM by Calculated Risk Blog
    From the Dallas Fed: Growth in Texas Manufacturing Activity Holds Steady Texas factory activity continued to increase in September, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, edged down to 19.5 from 20.3 in August, indicating output grew at about the same pace as last month. Other measures of current manufacturing activity also indicated continued growth. The new orders index increased and the growth rate of orders index ticked down but stayed positive, coming in at 18.6 and 9.7, respectively. The capacity utilization index edged up four points to 15.8, while the shipments index jumped nine points to 27.4. Perceptions of broader business conditions improved in September. The general business activity index increased to 21.3, its highest reading in seven months. The company outlook index posted its 13th consecutive positive reading, jumping nine points to 25.6. Labor market measures suggested faster employment growth and longer workweeks this month. The employment index came in at 16.3, its highest level since April 2014 . Twenty-eight percent of firms noted net hiring, compared with 11 percent noting net layoffs. The hours worked index rose four points to 18.4. emphasis added The regional reports released so far for September have been solid.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:50 AM » As Market Pressures Mount, Lenders Continue to Ease ...
    Published Mon, Sep 25 2017 9:50 AM by Fannie Mae
    News Release. Share This: September 25, 2017. As Market Pressures Mount, Lenders Continue to Ease Mortgage Credit Standards. Katie Penote. ...
  • 9:29 AM » Dudley sees Fed rate hikes; inflation weakness 'fading'
    Published Mon, Sep 25 2017 9:29 AM by Reuters
    SYRACUSE, N.Y. (Reuters) - The Federal Reserve is on track to gradually raise interest rates given the recent inflation weakness is fading and the U.S. economy's fundamentals are sound, an influential Fed policymaker said on Monday, reinforcing the central bank's confident tone.
  • 9:21 AM » Chicago Fed "Index points to slower economic growth in August"
    Published Mon, Sep 25 2017 9:21 AM by Calculated Risk Blog
    From the Chicago Fed: Index points to slower economic growth in August Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) moved down to -0.31 in August from +0.03 in July. Two of the four broad categories of indicators that make up the index decreased from July, and two of the four categories made negative contributions to the index in August. The index's three-month moving average, CFNAI-MA3, decreased to -0.04 in August from a neutral reading in July. emphasis added This graph shows the Chicago Fed National Activity Index (three month moving average) since 1967. Click on graph for larger image. This suggests economic activity was close to the historical trend in August (using the three-month average). According to the Chicago Fed: The index is a weighted average of 85 indicators of growth in national economic activity drawn from four broad categories of data: 1) production and income; 2) employment, unemployment, and hours; 3) personal consumption and housing; and 4) sales, orders, and inventories. ... A zero value for the monthly index has been associated with the national economy expanding at its historical trend (average) rate of growth; negative values with below-average growth (in standard deviation units); and positive values with above-average growth.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:21 AM » Originations: Will Rates Spike As Fed Eases Stimulus?
    Published Mon, Sep 25 2017 8:21 AM by The Basis Point
    Stories I recommend today The post Originations: Will Rates Spike As Fed Eases Stimulus? appeared first on The Basis Point .
    Click Here to Read the Full Article

    Source: The Basis Point
  • 8:19 AM » Boomers aren't selling the nest after children fly the coop. Here's what that means for housing
    Published Mon, Sep 25 2017 8:19 AM by CNBC
    'For many it does not make sense to sell,' a top real estate analyst explains.
  • 8:16 AM » Flip, Rent, or Hold: What's the Best Path to Real Estate Riches?
    Published Mon, Sep 25 2017 8:16 AM by www.realtor.com
    Want to make money in real estate? We looked at the five main real estate investment options for ordinary people, then broke down the typical returns and the pros and cons. The post Flip, Rent, or Hold: What’s the Best Path to Real Estate Riches? appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 8:14 AM » DR Horton cuts cash flow forecast 50 percent due to hurricanes
    Published Mon, Sep 25 2017 8:14 AM by Reuters
    (Reuters) - D.R. Horton Inc , the No.1 U.S. homebuilder, slashed its 2017 cash flow forecast from operations by half, citing delays because of the recent hurricanes.
  • 8:10 AM » Euro, bond yields drop as Germany's Merkel holds on
    Published Mon, Sep 25 2017 8:10 AM by Reuters
    LONDON (Reuters) - The euro and European government bond yields slipped on Monday after the bloc's most powerful leader, German Chancellor Angela Merkel, won a fourth term but faced a fractured parliament as support for the far right surged.
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