Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
33,878
# of User Comments
Select a Date
Use the calendar to view news headlines from a specific date.
Today  |  Yesterday  |  Random
Bottom Right Default
State Name: New Jersey
State Name underscore: New_Jersey
State Name dash: New-Jersey
State Name lower underscore: new_jersey
State Name lower dash: new-jersey
State Name lower: new jersey
State Abbreviation: NJ
State Abbreviation Lower: nj
Suggest a Story
Paste the URL of the story below to submit for editorial review and possible inclusion in ATW.
Please add 6 and 1 and type the answer here:
Leave this field blank.
What is Around the Web?
It is a continuously updated stream of news from around the web
Visit throughout the day for the latest breaking news.
» Click any link below to read more.
  • Thu, May 17 2018
  • 2:48 PM » Surging Mortgage Rates Set Off Scramble to Buy Homes
    Published Thu, May 17 2018 2:48 PM by Bloomberg
    Bloomberg Surging Mortgage Rates Set Off Scramble to Buy Homes Bloomberg U.S. homebuyers, already contending with escalating prices, now are getting hit with the most-expensive mortgage rates in seven years. Funny thing: It's only making them move faster. The average rate for a 30-year fixed mortgage jumped to 4.61 percent, ... and more »
  • 2:04 PM » Bond Traders Show Little Fear of Fed Yield-Curve 'Inversion Put'
    Published Thu, May 17 2018 2:04 PM by Bloomberg
    Bloomberg Bond Traders Show Little Fear of Fed Yield-Curve 'Inversion Put' Bloomberg If Federal Reserve officials were trying to signal that they want to keep the Treasury yield curve from inverting, it doesn't look like bond traders got the message. Sure, the curve steepened this week by just about every measure. But it wasn't from a ...
  • 1:20 PM » Earlier: Philly Fed Manufacturing Survey "Suggest a pickup in growth" in May
    Published Thu, May 17 2018 1:20 PM by Calculated Risk Blog
    From the Philly Fed: May 2018 Manufacturing Business Outlook Survey Results from the May Manufacturing Business Outlook Survey suggest a pickup in growth of the region's manufacturing sector. The survey's indexes for general activity, new orders, shipments, and employment increased from their readings in April. A notable share of firms also reported higher prices for their own manufactured goods this month . The survey's future indexes, measuring expectations for the next six months, reflected continued optimism. The diffusion index for current general activity increased 11 points, from 23.2 in April to 34.4 this month . Over 43 percent of the manufacturers reported increases in overall activity this month, while 9 percent reported decreases. ... The firms continued to report overall increases in employment. Nearly 37 percent of the responding firms reported increases in employment, while 6 percent reported decreases this month. The current employment index edged 3 points higher to 30.2, its highest reading in seven months . emphasis added Here is a graph comparing the regional Fed surveys and the ISM manufacturing index: Click on graph for larger image. The New York and Philly Fed surveys are averaged together (yellow, through May), and five Fed surveys are averaged (blue, through April) including New York, Philly, Richmond, Dallas and Kansas City. The Institute for Supply Management (ISM) PMI (red) is through April (right axis). This suggests the ISM manufacturing index will show solid expansion again in May, and probably stronger than in April.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 1:00 PM » FTC approves appointment of Andrew Smith to head Bureau of Consumer Protection
    Published Thu, May 17 2018 1:00 PM by www.consumerfinancemonitor.com
    I was pleased to see the announcement yesterday afternoon by FTC Chairman Joseph Simons that the FTC has approved the appointment of Andrew Smith to serve as Director of the agency's Bureau of Consumer Protection, beginning next week. As I indicated in my prior blog post, I have known Andrew for many years going back... Continue Reading
    Click Here to Read the Full Article

    Source: www.consumerfinancemonitor.com
  • 11:43 AM » 2018 Growth Forecast Holds But 2019 Gets Modest Downgrade
    Published Thu, May 17 2018 11:43 AM by Fannie Mae
    News Release. Share This: May 17, 2018. 2018 Growth Forecast Holds But 2019 Gets Modest Downgrade. Matthew Classick. 202-752-3662. ...
  • 11:24 AM » NY Fed Q1 Report: "Total Household Debt Rises for 15th Straight Quarter, Led by Mortgages, Student Loans"
    Published Thu, May 17 2018 11:24 AM by Calculated Risk Blog
    From the NY Fed: Total Household Debt Rises for 15th Straight Quarter, Led by Mortgages, Student Loans The Federal Reserve Bank of New York's Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased by $63 billion (0.5%) to $13.21 trillion in the first quarter of 2018 . It was the 15th consecutive quarter with an increase, and the total is now $536 billion higher than the previous peak of $12.68 trillion, from the third quarter of 2008. Further, overall household debt is now 18.5% above the post-financial-crisis trough reached during the second quarter of 2013. The Report is based on data from the New York Fed's Consumer Credit Panel, a nationally representative sample of individual- and household-level debt and credit records drawn from anonymized Equifax credit data. Mortgage balances-the largest component of household debt-rose by $57 billion during the first quarter, to $8.94 trillion. Balances on home equity lines of credit (HELOC) continued their downward trend, declining by $8 billion, to $436 billion. The median credit score of newly originating mortgage borrowers increased from 755 to 761. " While housing wealth is at an all-time high, it has shifted into the hands of older and more creditworthy borrowers, in part because of tight mortgage lending standards ," said Andrew Haughwout, senior vice president at the New York Fed. "An increased amount of available home equity should make the household balance sheet more resilient in the event of a financial shock, though that may not be an option for lower-credit-score borrowers." emphasis added Click on graph for larger image. Here are two graphs from the report: The first graph shows aggregate consumer debt increased in Q1.  Household debt previously peaked in 2008, and bottomed in Q2 2013. From the NY Fed: Aggregate household debt balances increased in the first quarter of 2018, for...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:57 AM » Fed to Resist Adding Capital Demand for Biggest Banks
    Published Thu, May 17 2018 10:57 AM by Bloomberg
    Bloomberg Fed to Resist Adding Capital Demand for Biggest Banks Bloomberg The Federal Reserve is facing calls within its ranks to consider activating an obscure capital buffer meant to bolster big banks against coming storms when economic conditions are sunny. But for now, those pushing to weigh the demand for billions of ... and more »
  • 10:31 AM » Leading indicators up for sixth straight month
    Published Thu, May 17 2018 10:31 AM by CNBC
    The Leading Economic Index was expected to rise 0.4 percent in April for its sixth straight month of gains.
  • 10:06 AM » Mortgage Rates Move Up to Highest Level in Seven Years
    Published Thu, May 17 2018 10:06 AM by freddiemac.mwnewsroom.com
    Mortgage Rates Move Up to Highest Level in Seven Years
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • 8:40 AM » U.S. weekly jobless claims rise; unemployment rolls smallest in 45 years
    Published Thu, May 17 2018 8:40 AM by Reuters
    (Reuters) - New applications for U.S. jobless benefits increased more than expected last week, but the number of Americans on unemployment rolls fell to its lowest level since 1973, pointing to diminishing labor market slack.
  • 8:35 AM » Real estate mogul: The No. 1 mistake first-time homebuyers make
    Published Thu, May 17 2018 8:35 AM by CNBC
    Don't buy a property before doing this, says self-made millionaire and developer Sidney Torres.
  • 8:35 AM » This is how much of a home $300,000 will buy you across the US
    Published Thu, May 17 2018 8:35 AM by CNBC
    Your money won't go as far in the Northeast or West as it will in the heartland.
Did you know?
You can see a list of all comments on MND by clicking the 'Read the Latest Comments' option under the 'Community' menu.
 

More From MND

Mortgage Rates:
  • 30 Yr FRM 4.77%
  • |
  • 15 Yr FRM 4.21%
  • |
  • Jumbo 30 Year Fixed 4.80%
MBS Prices:
  • 30YR FNMA 4.5 103-25 (0-05)
  • |
  • 30YR FNMA 5.0 105-19 (0-02)
  • |
  • 30YR FNMA 5.5 107-06 (-0-04)
Recent Housing Data:
  • Mortgage Apps -1.15%
  • |
  • Refinance Index -2.64%
  • |
  • Purchase Index 5.06%