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  • Fri, Oct 16 2020
  • 3:29 PM » What Hurts a Home Appraisal? And 7 Things You Can Do to Fix Them
    Published Fri, Oct 16 2020 3:29 PM by www.redfin.com
    Find out what hurts a home appraisal and learn how to fix it immediately so you can get the most out of your house when the time comes to sell. The post What Hurts a Home Appraisal? And 7 Things You Can Do to Fix Them appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More .
    Click Here to Read the Full Article

    Source: www.redfin.com
  • 2:36 PM » U.S. government budget ends fiscal year with a more than $3 trillion deficit
    Published Fri, Oct 16 2020 2:36 PM by CNBC
    The final tally for the budget deficit in fiscal 2020 came to $3.13 trillion, more than triple last year's shortfall of $984 billion and double the previous record of $1.4 trillion in 2009.
  • 11:38 AM » States face Friday deadline from CDC to submit plans to distribute coronavirus vaccine
    Published Fri, Oct 16 2020 11:38 AM by CNBC
    States have about two weeks to set up coronavirus vaccine distribution centers across the country to meet the Nov. 1 deadline set by the CDC - a monumental undertaking made even more difficult by the fact that a vaccine hasn't been cleared.
  • 9:38 AM » Industrial Production Decreased 0.6 Percent in September; 7.1% Below Pre-Crisis Level
    Published Fri, Oct 16 2020 9:38 AM by Calculated Risk Blog
    From the Fed: Industrial Production and Capacity Utilization Industrial production fell 0.6 percent in September , its first decline after four consecutive months of gains. The index increased at an annual rate of 39.8 percent for the third quarter as a whole. Although production has recovered more than half of its February to April decline, the September reading was still 7.1 percent below its pre-pandemic February level . Manufacturing output decreased 0.3 percent in September and was 6.4 percent below February's level. The output of utilities dropped 5.6 percent, as demand for air conditioning fell by more than usual in September. Mining production increased 1.7 percent in September; even so, it was 14.8 percent below a year earlier. At 101.5 percent of its 2012 average, total industrial production was 7.3 percent lower in September than it was a year earlier. Capacity utilization for the industrial sector decreased 0.5 percentage point in September to 71.5 percent, a rate that is 8.3 percentage points below its long-run (1972-2019) average but 7.3 percentage points above its low in April. emphasis added Click on graph for larger image. This graph shows Capacity Utilization. This series is up from the record low set in April, but still well below the level in February 2020. Capacity utilization at 71.5% is 8.3% below the average from 1972 to 2017. Note: y-axis doesn't start at zero to better show the change. The second graph shows industrial production since 1967. Industrial production decreased in September to  101.5. This is 7.1% below the February 2020 level. The change in industrial production was well below consensus expectations, however industrial production in July and August were revised up.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:38 AM » Retail sales rise 1.9% in September, vs 0.7% expected
    Published Fri, Oct 16 2020 9:38 AM by CNBC
    Retail sales rise 1.9% in September, vs 0.7% expected<br/>https://www.cnbc.com/2020/10/16/retail-sales-september-2020.html
  • 8:30 AM » Hotels on demand: Operators are selling 'subscriptions' to lure back visitors
    Published Fri, Oct 16 2020 8:30 AM by CNBC
    InterContinental Hotels Group, Marriott and Accor are among the major names that have launched or are considering monthly payment plans, as the hotel industry tries to attract restless remote workers ready for a change of scene.
  • 8:15 AM » Shares retreat on coronavirus resurgence, fading U.S. stimulus hopes
    Published Fri, Oct 16 2020 8:15 AM by news.google.com
    Shares retreat on coronavirus resurgence, fading U.S. stimulus hopes    Reuters View Full Coverage on Google News
    Click Here to Read the Full Article

    Source: news.google.com
  • 8:03 AM » FreddieMac: The avg. 30-Yr FRM hits record low at 2.81%
    Published Fri, Oct 16 2020 8:03 AM by twitter.com
    RT @FreddieMac: The avg. 30-Yr FRM hits record low at 2.81% http://freddiemac.com/pmms Chief Economist @TheSamKhater: "This week, mortgage rates have dropped to the lowest level we have experienced in the 50-year history of the Freddie Mac Primary Mortgage Market Survey." (Feed generated with FetchRSS )
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Mortgage Rates:
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  • 15 Yr FRM 2.38%
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  • Jumbo 30 Year Fixed 3.20%
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  • 30YR FNMA 5.0 110-21 (0-03)
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Recent Housing Data:
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  • Refinance Index 4.51%
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  • Purchase Index 3.52%