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  • Tue, Mar 13 2018
  • 4:02 PM » Big banks shake up Washington lobbying shops
    Published Tue, Mar 13 2018 4:02 PM by Reuters
    WASHINGTON (Reuters) - Two of Wall Street's largest Washington-based trade groups said they were merging on Tuesday, as big banks rethink their lobbying strategies under the business-friendly administration of Donald Trump.
  • 4:01 PM » In the Wake of Natural Disasters, Homeowners Struggle to Pay Their Mortgages
    Published Tue, Mar 13 2018 4:01 PM by
    More homeowners were late making their mortgage payments in December-and the recent spate of hurricanes and wildfires is likely to blame. The post In the Wake of Natural Disasters, Homeowners Struggle to Pay Their Mortgages appeared first on Real Estate News & Insights |® .
    Click Here to Read the Full Article

  • 3:01 PM » The US Inflation Scare May Be Over
    Published Tue, Mar 13 2018 3:01 PM by Bloomberg
    Bloomberg The US Inflation Scare May Be Over Bloomberg U.S. consumer prices in February were not too hot, not too cold, but just right to reinforce the outlook by Federal Reserve policy makers for three interest-rate hikes this year, Labor Department data showed Tuesday. The lack of a major surprise may ... and more »
  • 2:24 PM » Larry Kudlow would be good for Wall Street
    Published Tue, Mar 13 2018 2:24 PM by CNBC
    Larry Kudlow being appointed as National Economic Council Director would be good for Wall Street, Politico's Ben White says.
  • 2:21 PM » Larry Kudlow is usually wrong
    Published Tue, Mar 13 2018 2:21 PM by Calculated Risk Blog
    With all the discussion that Larry Kudlow might be named the new director of the White House's National Economic Council, I've been asked to repost a post I wrote in 2016 " Larry Kudlow is usually wrong ". On Kudlow, see from Bloomberg: Trump Says Kudlow Has 'Very Good Chance' at Taking Cohn's Job and CNN Trump tells people he is selecting Larry Kudlow to replace Gary Cohn Most of the following is a repeat of the 2016 post ... Larry Kudlow is usually wrong and frequently absurd, as an example, in June 2005 Kudlow wrote " The Housing Bears are Wrong Again " (link has been replaced) and called me (or people like me) "bubbleheads". Homebuilders led the stock parade this week with a fantastic 11 percent gain. This is a group that hedge funds and bubbleheads love to hate. All the bond bears have been dead wrong in predicting sky-high mortgage rates. So have all the bubbleheads who expect housing-price crashes in Las Vegas or Naples, Florida, to bring down the consumer, the rest of the economy, and the entire stock market. I guess I was one of those "bubbleheads" ! In December 2007, he wrote: Bush Boom Continues There's no recession coming. The pessimistas were wrong. It's not going to happen. At a bare minimum, we are looking at Goldilocks 2.0. (And that's a minimum). Goldilocks is alive and well. The Bush boom is alive and well. It's finishing up its sixth consecutive year with more to come. Yes, it's still the greatest story never told. Note the date of the article. The recession started in December 2007! Note: At the beginning of 2007 I predicted a recession would start that year - made it by one month.  It seems I'm always on the opposite side from Kudlow of each forecast - and one of us has been consistently wrong. In 2014, Kudlow claimed : "I've always believed the 1990s were Ronald Reagan's third term." In that piece, Kudlow was rewriting his own history.  Near...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 2:21 PM » Tillerson will give up secretary of State duties at the end of the day
    Published Tue, Mar 13 2018 2:21 PM by CNBC
    President Donald Trump fired secretary of State Rex Tillerson on Tuesday.
  • 12:18 PM » Remodeling returns: These projects pay you back big
    Published Tue, Mar 13 2018 12:18 PM by CNBC
    This year the renovation offering the best return is a new garage door, according to a report from Remodeling Magazine.
  • 10:34 AM » How much money middle-class families earn in every US state
    Published Tue, Mar 13 2018 10:34 AM by CNBC
    Pew breaks down how much money three-person middle-class families earn across America.
  • 9:22 AM » Real estate economist: Home prices are increasing twice as fast as income growth
    Published Tue, Mar 13 2018 9:22 AM by CNBC
    Lack of supply is driving home prices higher and adding insult to injury for homebuyers with stagnated earning power, Mike Fratantoni says.
  • 9:03 AM » U.S. consumer prices slow in February; rents moderate
    Published Tue, Mar 13 2018 9:03 AM by Reuters
    WASHINGTON, (Reuters) - U.S. consumer prices cooled in February amid a decline in gasoline prices and a moderation in the cost of rental accommodation, the latest indication that an anticipated pickup in inflation probably will be only gradual.
  • 9:03 AM » Secretary of State Tillerson out amid clashes with Trump, to be replaced by CIA Director Pompeo
    Published Tue, Mar 13 2018 9:03 AM by CNBC
    Secretary of State Rex Tillerson is out, ending a tumultuous tenure as America's top diplomat.
  • 8:11 AM » Blackstone REIT Triples Industrial Holdings With $1.8 Billion Deal
    Published Tue, Mar 13 2018 8:11 AM by Bloomberg
    Bloomberg Blackstone REIT Triples Industrial Holdings With $1.8 Billion Deal Bloomberg Blackstone Real Estate Income Trust Inc. just tripled its holdings of industrial properties, picking up 22 million square feet of buildings for about $1.8 billion. The Canyon Industrial Portfolio includes 146 warehouses and distribution centers ... and more »
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Mortgage Rates:
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  • 15 Yr FRM 4.15%
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  • Jumbo 30 Year Fixed 4.39%
MBS Prices:
Recent Housing Data:
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  • Refinance Index -3.69%
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  • Purchase Index -1.98%