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  • Thu, Jun 14 2018
  • 3:19 PM » Regulation: Over 30 Percent of the Cost of a Multifamily Development
    Published Thu, Jun 14 2018 3:19 PM by eyeonhousing.org
    Regulation imposed by all levels of government (whether local, state or federal) accounts for 32.1 percent of the cost of an average multifamily development, according to a new study conducted jointly by the National Association of Home Builders (NAHB) and the National Multifamily Housing Council (NMHC). The study is based primarily on a survey of multifamily developers from both organizations. The results... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 3:18 PM » Sorry, Sellers: Your ‘For Sale' Sign May Be ‘Ugly and Desperate'—Here's Why
    Published Thu, Jun 14 2018 3:18 PM by www.realtor.com
    "For Sale" signs in front of homes are being called "ugly and desperate" by one town in Connecticut, which may ban the signs completely. Is the town right? The post Sorry, Sellers: Your ‘For Sale’ Sign May Be ‘Ugly and Desperate’-Here’s Why appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 3:18 PM » Trump's tariffs pose risk to global trade, U.S. economy: IMF
    Published Thu, Jun 14 2018 3:18 PM by Reuters
    WASHINGTON (Reuters) - The International Monetary Fund warned on Thursday that U.S. President Donald Trump's new import tariffs threaten to undermine the global trading system, prompt retaliation by other countries and damage the U.S. economy.
  • 1:31 PM » The Fed has taken the first step toward an early exit from its balance sheet reduction
    Published Thu, Jun 14 2018 1:31 PM by CNBC
    The Federal Reserve has begun preparing for what could be an early end to the reduction of bonds it purchased to pull the economy out of the financial crisis.
  • 12:35 PM » Jolted Awake by the Fed, And Now Back to Sleep
    Published Thu, Jun 14 2018 12:35 PM by Bloomberg
    Bloomberg Jolted Awake by the Fed, And Now Back to Sleep: Taking Stock Bloomberg Finally, something gave this market a jolt. The S&P 500 whipsawed once the Fed decision hit the tape on Wednesday, eventually picking a direction in the last hour of trading with a straight selloff into the close. But that was yesterday, and things are ... and more »
  • 12:35 PM » Ex-Trump advisor Gary Cohn says trade deficits don't matter, contradicting the president
    Published Thu, Jun 14 2018 12:35 PM by CNBC
    Cohn's comments illuminate in part why he left a White House insistent on shifting the trade balance with key partners.
  • 12:34 PM » Freddie Mac Announces New Employment Initiative for Homeowners in High-Needs Areas
    Published Thu, Jun 14 2018 12:34 PM by freddiemac.mwnewsroom.com
    Freddie Mac Announces New Employment Initiative for Homeowners in High-Needs Areas
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • 11:54 AM » EU nations back retaliating against U.S. steel tariffs
    Published Thu, Jun 14 2018 11:54 AM by Reuters
    BRUSSELS (Reuters) - European Union countries on Thursday unanimously backed a plan to impose import duties on 2.8 billion euros ($3.3 billion) worth of U.S. products after Washington hit EU steel and aluminum with tariffs at the start of June, EU sources said.
  • 11:26 AM » Hutchins Roundup: Multinational profit shifting, competitive EU markets, and more
    Published Thu, Jun 14 2018 11:26 AM by webfeeds.brookings.edu
    Studies in this week's Hutchins Roundup find that close to 40 percent of multinational profits are shifted to tax havens each year, supra-national institutions make EU markets more competitive than their U.S. counterparts, and more. Want to receive the Hutchins Roundup as an email? Sign up here to get it in your inbox every Thursday.…                
    Click Here to Read the Full Article

    Source: webfeeds.brookings.edu
  • 11:26 AM » Duy: FOMC Recap
    Published Thu, Jun 14 2018 11:26 AM by Calculated Risk Blog
    A few excerpts from Tim Duy at Fed Watch: FOMC Recap The Federal Open Market Committee (FOMC) completed their June meeting with a 25 basis point rate hike, bringing the target range for the federal funds rate to 1.75-2.0 percent. The accompanying Summary of Economic Projections (SEP) revealed a modestly more optimistic outlook, as expected. The improving outlook prompted an upward revision to rate hike expectations with the median policymaker anticipating four rate hikes this year, up from three in March. The Fed dropped the explicit forward guidance language in the statement as they work to encourage market participants to undertake a more nuanced, data-driven approach to assessing the future path of rate hikes. With the economy chugging along at a respectable clip that could exceed 4 percent in the second quarter, the Federal Reserve upgraded its assessment of growth from "moderate" to "solid." Expected growth for 2018 as a whole rose from 2.7 to 2.8 percent while the unemployment forecast fell from 3.8 percent to 3.6 percent. If history is any guide, that forecast remains too pessimistic given the expected pace of growth this year. Bottom Line: Pay attention to the interplay of the rate and economic forecasts and the flow of data. The pace of data will almost certainly not slow sufficiently to prevent the Fed from hiking in September and probably December. I would say September is essentially a lock at this point. I also think you need to pencil in rate hikes in March and June of 2019. Recognize though that by mid-2019 the data might reflect the lagged impact of past tightening and the yield curve is likely to be fairly flat; both factors would slow the pace of rate hikes. The Fed will face a more difficult choice if the data holds strong while the yield curve inverts.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:41 AM » In this red-hot housing market, if a 'for sale' sign goes up, don't blink—you might miss it
    Published Thu, Jun 14 2018 10:41 AM by CNBC
    Of the homes that sold in May, 27.6 percent went above their list price - another record, according to Redfin.
  • 10:05 AM » Mortgage Rates Back on the Rise
    Published Thu, Jun 14 2018 10:05 AM by freddiemac.mwnewsroom.com
    Mortgage Rates Back on the Rise
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • 9:46 AM » A fourth Fed hike this year could trigger economic slowdown, strategist warns
    Published Thu, Jun 14 2018 9:46 AM by CNBC
    A fourth rate hike this year could bring about an inverted yield curve and economic slowdown, Principal Global Investors CEO Jim McCaughan believes.
  • 9:24 AM » Homeowners Are Rushing to Get HELOCs—Should You Do It, Too?
    Published Thu, Jun 14 2018 9:24 AM by www.realtor.com
    Homeowners who want to get a home equity line of credit shouldn't dawdle. We explain why they may want to get a HELOC quick. The post Homeowners Are Rushing to Get HELOCs-Should You Do It, Too? appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 9:12 AM » Retail Sales increased 0.8% in May
    Published Thu, Jun 14 2018 9:12 AM by Calculated Risk Blog
    On a monthly basis, retail sales increased 0.8 percent from April to May (seasonally adjusted), and sales were up 5.9 percent from May 2017. From the Census Bureau report : Advance estimates of U.S. retail and food services sales for May 2018, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $502.0 billion, an increase of 0.8 percent from the previous month, and 5.9 percent above May 2017 . ... The March 2018 to April 2018 percent change was revised from up 0.2 percent to up 0.4 percent. Click on graph for larger image. This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). Retail sales ex-gasoline were up 0.7% in May. The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993. Retail and Food service sales, ex-gasoline, increased by 4.9% on a YoY basis. The increase in May was above expectations, and sales in March and April, combined, were revised up.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:38 AM » US weekly jobless claims total 218,000, vs 224,000 expected
    Published Thu, Jun 14 2018 8:38 AM by CNBC
    First-time claims for state unemployment benefits were expected to total 224,000, compared with the 222,000 claims reported for the previous week.
  • 8:14 AM » Redfin Report: May Real Estate Market the Fastest on Record; Prices Up 6.3%
    Published Thu, Jun 14 2018 8:14 AM by PR Newswire
    SEATTLE, June 14, 2018 /PRNewswire/ -- (NASDAQ: RDFN)--The typical home that sold in May went under contract in 34 days, according to Redfin (www.redfin.com), the next-generation real estate brokerage. May broke April's record of 36 days, which was the fastest month Redfin had recorded...
  • 8:01 AM » ECB says it will reduce its massive bond-buying program from September, dependent on data
    Published Thu, Jun 14 2018 8:01 AM by CNBC
    The ECB kept interest rates unchanged Thursday, but traders will closely monitor upcoming remarks from President Mario Draghi for hints on the potential end of the bank's massive stimulus program.
  • 8:00 AM » ECB says its massive bond-buying program will likely end in December
    Published Thu, Jun 14 2018 8:00 AM by CNBC
    The ECB kept interest rates unchanged Thursday, but traders will closely monitor upcoming remarks from President Mario Draghi for hints on the potential end of the bank's massive stimulus program.
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Mortgage Rates:
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  • 15 Yr FRM 4.44%
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  • Jumbo 30 Year Fixed 4.57%
MBS Prices:
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  • 30YR FNMA 5.0 104-16 (0-08)
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Recent Housing Data:
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  • Refinance Index -3.69%
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  • Purchase Index -1.98%