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  • Wed, Jun 12 2019
  • 4:13 PM » The US is more likely to end the trade war than face a 'Trump recession,' JP Morgan's top quant says
    Published Wed, Jun 12 2019 4:13 PM by CNBC
    J.P. Morgan's head quant said a U.S.-China trade deal could head off a "Trump recession" and ignite a powerful rally in value and high beta stocks.
  • 4:13 PM » U.S. government posts $208 billion deficit in May
    Published Wed, Jun 12 2019 4:13 PM by Reuters
    Washington posted a $208 billion budget deficit in May as a modest increase in revenues failed to make up for higher spending on the military and social welfare programs like Medicare, according to data released on Wednesday by the Treasury Department.
  • 3:22 PM » Options are few for storm-ravaged homes with insufficient insurance
    Published Wed, Jun 12 2019 3:22 PM by CNBC
    While government programs can offer assistance following a hurricane or other major weather event, it's not guaranteed and it's not all free.
  • 2:21 PM » Home-Flipping Trend Weakens as High-Interest Lenders Jump 40%
    Published Wed, Jun 12 2019 2:21 PM by Bloomberg
    Home-Flipping Trend Weakens as High-Interest Lenders Jump 40%    Bloomberg Wall Street giants and individual retirees alike have pumped billions into financing home flips in recent years. Now, a slowdown in the flipping business ...
  • 1:44 PM » Houston Real Estate in May: Sales up 3% YoY, Inventory Up 10%
    Published Wed, Jun 12 2019 1:44 PM by Calculated Risk Blog
    From the HAR: Houston Home Sales and Prices Gain Momentum in May Encouraged by continued low interest rates and a growing selection of housing options, home buyers kept the greater Houston real estate market in positive territory for a fourth straight month in May. As it did in April, the luxury segment (homes priced at $750,000 and above) led the way in sales volume, and rental properties moved briskly. Housing inventory grew to its largest level since August 2017, meeting consumer demand as the market prepares to segue into summer. Sales of single-family homes increased 2.8 percent in May , according to the latest monthly report from the Houston Association of Realtors® (HAR), with 8,346 homes sold compared to 8,117 in May 2018. On a year-to-date basis, home sales are running 2.7 percent ahead of 2018's record pace . ... May sales of all property types totaled 9,948, up 3.1 percent compared to the same month last year . Total dollar volume for the month jumped 7.8 percent to slightly more than $3 billion. "We are seeing signs of a healthy and sustainable housing market throughout greater Houston, and that is due to a more plentiful supply of homes, continued low interest rates and a strong local economy," said HAR Chair Shannon Cobb Evans with Heritage Texas Properties. "In addition to solid home sales, consumers are still snapping up rental properties, and that is also driving the local housing market." ... Total active listings, or the total number of available properties, went up 10.1 percent to 43,624 . ... emphasis added On pace for record sales in Houston.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 1:20 PM » No-Deal Brexit Now a 'Very Serious Risk,' Irish Official Says
    Published Wed, Jun 12 2019 1:20 PM by Bloomberg
    No-Deal Brexit Now a 'Very Serious Risk,' Irish Official Says    Bloomberg The prospect of the U.K. crashing out of the European Union in October is now a "very serious" risk, a senior Irish foreign ministry official said.
  • 12:49 PM » CFPB to hold June 25 symposium on abusive acts or practices
    Published Wed, Jun 12 2019 12:49 PM by www.consumerfinancemonitor.com
    Having announced in April 2018 that it would be holding a symposia series, the CFPB has now set a date for the first symposium of the series. The first symposium, to be held on June 25, 2019, will focus on the Dodd-Frank Act's prohibition of abusive acts or practices, specifically the meaning of abusiveness. It... Continue Reading
    Click Here to Read the Full Article

    Source: www.consumerfinancemonitor.com
  • 12:29 PM » It Should be Easier and Less Expensive for Americans to Move to Affordable Parts of the Country
    Published Wed, Jun 12 2019 12:29 PM by www.redfin.com
    2020 Presidential Candidates want to make housing more affordable, but only Andrew Yang has proposed a policy that would make it easier for Americans to move to metros that already have affordable housing In expensive metros like New York, San Francisco and Los Angeles, home prices have risen so much in the last decade that […] The post It Should be Easier and Less Expensive for Americans to Move to Affordable Parts of the Country appeared first on Redfin Real-Time .
    Click Here to Read the Full Article

    Source: www.redfin.com
  • 12:27 PM » Fix Mortgage Finance, Or We'll Do It For You, Regulator Tells Congress
    Published Wed, Jun 12 2019 12:27 PM by www.realtor.com
    Mark Calabria says it is past time to end government conservatorship of mortgage-finance companies Fannie Mae and Freddie Mac. The post Fix Mortgage Finance, Or We'll Do It For You, Regulator Tells Congress appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 11:53 AM » The 10 best states for homeowners
    Published Wed, Jun 12 2019 11:53 AM by CNBC
    To determine the states where conditions are most favorable for homeowners, personal finance site SmartAsset looked at average price per square foot, home value appreciation, the ratio of median home values to median household incomes and other factors.
  • 11:30 AM » Cleveland Fed: Key Measures Show Inflation Close to 2% YoY in May, Core PCE below 2%
    Published Wed, Jun 12 2019 11:30 AM by Calculated Risk Blog
    The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning: According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (2.3% annualized rate) in May. The 16% trimmed-mean Consumer Price Index also rose 0.1% (1.3% annualized rate) during the month. The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics' (BLS) monthly CPI report. Earlier today, the BLS reported that the seasonally adjusted CPI for all urban consumers rose 0.1% (0.9% annualized rate) in May. The CPI less food and energy rose 0.1% (1.4% annualized rate) on a seasonally adjusted basis. Note: The Cleveland Fed released the median CPI details for May here . Click on graph for larger image. This graph shows the year-over-year change for these four key measures of inflation. On a year-over-year basis, the median CPI rose 2.7%, the trimmed-mean CPI rose 2.2%, and the CPI less food and energy rose 2.0%. Core PCE is for March and increased 1.6% year-over-year. On a monthly basis, median CPI was at 2.3% annualized, trimmed-mean CPI was at 1.3% annualized, and core CPI was at 1.4% annualized. Using these measures, inflation was about the lower in May than in April on a year-over-year basis. Overall, these measures are at or above the Fed's 2% target (Core PCE is below 2%).
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 11:04 AM » The Number That Will Tell Us Whether Trump's Mexico Deal Is Real
    Published Wed, Jun 12 2019 11:04 AM by Bloomberg
    The Number That Will Tell Us Whether Trump's Mexico Deal Is Real    Bloomberg President Donald Trump's patience for his deal averting tariffs on Mexico depends on a quick drop in migration across the U.S. border -- something his own ...
  • 10:19 AM » UK PM candidate Hunt says: Parliament likely to block a no-deal Brexit
    Published Wed, Jun 12 2019 10:19 AM by Reuters
    Jeremy Hunt, one of the candidates vying to succeed Prime Minister Theresa May, said the British parliament would likely block a no-deal Brexit so the country needed a leader who could negotiate with the EU rather than making empty threats.
  • 9:29 AM » U.S. consumer prices barely rise; underlying inflation muted
    Published Wed, Jun 12 2019 9:29 AM by Reuters
    U.S. consumer prices barely rose in May, pointing to moderate inflation that together with a slowing economy could increase pressure on the Federal Reserve to cut interest rates this year.
  • 8:46 AM » US consumer prices barely rise in May
    Published Wed, Jun 12 2019 8:46 AM by CNBC
    The U.S. Consumer Price Index was expected to edge up 0.1% in May, after rising 0.3% a month earlier.
  • 8:06 AM » Bond Markets Are ‘Almost Taunting the Fed' With Global Rate-Cut Bets
    Published Wed, Jun 12 2019 8:06 AM by Bloomberg
    Bond Markets Are 'Almost Taunting the Fed' With Global Rate-Cut Bets    Bloomberg Bond markets around the globe are acting like central-bank rate cuts are only a rubber-stamp away from becoming a reality.
  • 8:02 AM » Soft inflation data on Wednesday could spark more speculation for a Fed rate cut soon
    Published Wed, Jun 12 2019 8:02 AM by CNBC
    Consumer price inflation was expected to have increased at a pace of 1.9% in May, slower than in April and below the Federal Reserve's 2% target.
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  • Jumbo 30 Year Fixed 3.95%
MBS Prices:
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  • 30YR FNMA 5.0 105-12 (0-02)
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Recent Housing Data:
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