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  • Thu, Jan 10 2019
  • 4:58 PM » BLS: "Does the partial government shutdown impact BLS data or release dates?"
    Published Thu, Jan 10 2019 4:58 PM by Calculated Risk Blog
    Here a statement from the BLS: Does the partial government shutdown impact BLS data or release dates?
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 4:58 PM » Fed's Powell again stresses patience as U.S. economy's 'narrative' unfolds
    Published Thu, Jan 10 2019 4:58 PM by Reuters
    Federal Reserve Chairman Jerome Powell on Thursday stressed again the U.S. central bank can be patient in approving any further rate increases as officials gauge whether the U.S. economy will slow this year, as some in financial markets worry, or continue motoring ahead as the Fed itself expects.
  • 2:19 PM » Rents Are Too High: Where Tenants Can Score the Best—and Worst—Deals
    Published Thu, Jan 10 2019 2:19 PM by www.realtor.com
    Let's kick off a new year with a few age-old questions: What's the meaning of life? Did the chicken or the egg come first? And where are the rental deals? The post Rents Are Too High: Where Tenants Can Score the Best-and Worst-Deals appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 2:18 PM » Fannie Mae and Freddie Mac: Mortgage Serious Delinquency Rate Declined in November
    Published Thu, Jan 10 2019 2:18 PM by Calculated Risk Blog
    Fannie Mae reported that the Single-Family Serious Delinquency rate declined to 0.76% in November, from 0.79% in October. The serious delinquency rate is down from 1.12% in November 2017. These are mortgage loans that are "three monthly payments or more past due or in foreclosure".  The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. This is the lowest serious delinquency rate for Fannie Mae since August 2007. Freddie Mac reported that the Single-Family serious delinquency rate in November was 0.70%, down from 0.71% in October. Freddie's rate is down from 0.95% in November 2017. Freddie's serious delinquency rate peaked in February 2010 at 4.20%. This is the lowest serious delinquency rate for Freddie Mac since December 2007. Click on graph for larger image For Fannie, by vintage , for loans made in 2004 or earlier (3% of portfolio), 2.62% are seriously delinquent. For loans made in 2005 through 2008 (5% of portfolio), 4.50% are seriously delinquent , For recent loans, originated in 2009 through 2018 (92% of portfolio), only 0.33% are seriously delinquent. So Fannie is still working through poor performing loans from the bubble years. The increase late last year in the delinquency rate was due to the hurricanes - there were no worries about the overall market. I expect the serious delinquency rate will probably decline to 0.5 to 0.7 percent or so to a cycle bottom.  But this is close.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 2:18 PM » Student and Auto Loans dominate Non-Mortgage Debt
    Published Thu, Jan 10 2019 2:18 PM by eyeonhousing.org
    Preliminary consumer credit data for November 2018 released by the Federal Reserve Board's G.19 Consumer Credit report, which exclude loans secured by real estate, indicate an increase in outstanding credit of about 6.75% (seasonally-adjusted annual rate) from the previous month. Revolving credit increased at an annual rate of 5.50%, while nonrevolving credit increased at an annual rate of 7.00%. Revolving... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 11:47 AM » November 30-Year Mortgage Rate Data
    Published Thu, Jan 10 2019 11:47 AM by eyeonhousing.org
    Information compiled by Freddie Mac shows that mortgage rates continued to increase in the fall. The 30-year FRM – Commitment rate, inched up by four basis points to 4.87 percent from 4.83 percent in October. With the November increase, the 30-year FRM – Commitment rate, was at the highest level since February 2011. As a result of rising home costs,... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 11:22 AM » Update: The Impact of the Government Shutdown on the January Employment Report
    Published Thu, Jan 10 2019 11:22 AM by Calculated Risk Blog
    Earlier I wrote: The Impact of the Government Shutdown on the January Employment Report Here are some clarifications (based on further information from the BLS): As I wrote before, if the government shutdown continues through this coming week, then the unemployment rate in the January report will be negatively impacted. This is a key week since it is the reference week for the BLS report (contains the 12th of the month). If the shutdown continues through next weekend, Federal employees who are on furlough will be counted as unemployed in the January report (CPS, Household survey). If the government shutdown continues, then the unemployment rate will probably bump up to 4.0% or 4.1% in the January report. As far as the headline jobs number from the CES (Establishment survey), the jobs were people who are working without pay will still be counted. For the furloughed employees, it is different . Since they are not being paid, the positions will not be counted - UNLESS - legislation is passed that provides for back pay .    If the legislation is passed, even after the reference week, the furloughed positions will be counted in the CES (headline jobs number). This is what has happened in previous shutdowns. So, for the unemployment number, it depends on what happens this week. For the headline jobs number, it depends on what legislation is eventually passed.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:47 AM » Fed Minutes Show Pivot Away From Gradual Rate Increases, Kroszner Says
    Published Thu, Jan 10 2019 9:47 AM by Bloomberg
    Fed Minutes Show Pivot Away From Gradual Rate Increases, Kroszner Says    Bloomberg Randall Kroszner, professor at the University of Chicago Booth School of Business and a former Federal Reserve governor, discusses the path of Fed policy with ...
  • 8:38 AM » US weekly jobless claims fall more than expected
    Published Thu, Jan 10 2019 8:38 AM by CNBC
    The number of Americans filing applications for jobless benefits fell more than expected last week, pointing to a strengthening labor market that could further ease concerns about the economy's health.
  • 8:06 AM » Fed Will Be on Hold for First Half of 2019, BNY's Levine Says
    Published Thu, Jan 10 2019 8:06 AM by Bloomberg
    Fed Will Be on Hold for First Half of 2019, BNY's Levine Says    Bloomberg Alicia Levine, BNY Mellon Investment Management chief strategist, discusses the minutes from the Federal Reserve's December meeting and what they suggest ...
  • 8:03 AM » Treasury Yield Brush With a `Death Cross' Cheers Bond Bulls
    Published Thu, Jan 10 2019 8:03 AM by Bloomberg
    Treasury Yield Brush With a `Death Cross' Cheers Bond Bulls    Bloomberg In a positive technical sign for bond bulls, the U.S. 10-year Treasury yield is heading for a so-called death cross pattern.
  • 8:01 AM » Do not let home equity sink your college aid package
    Published Thu, Jan 10 2019 8:01 AM by CNBC
    Most parents are probably not aware that Stanford University in Palo Alto, California, or any school for that matter, consider the value of a home as part of the financial aid process. Stanford announced last month it was removing home equity from financial aid calculations. "Even now, ten years after the housing bust, we still have families with homes worth...
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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.63%
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  • 15 Yr FRM 4.19%
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  • Jumbo 30 Year Fixed 4.40%
MBS Prices:
  • 30YR FNMA 4.5 103-11 (-0-02)
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  • 30YR FNMA 5.0 104-23 (-0-03)
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  • 30YR FNMA 5.5 105-22 (-0-08)
Recent Housing Data:
  • Mortgage Apps 0.03%
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  • Refinance Index -0.10%
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  • Purchase Index 0.12%