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  • Thu, May 21 2020
  • 4:44 PM » Georgia reopening has been 'a mixed bag,' Atlanta Fed President Bostic says
    Published Thu, May 21 2020 4:44 PM by CNBC
    People in the state still have "large concerns about whether it's safe to go out," the central banker told CNBC.
  • 3:11 PM » Newly Built Homes Make Up Largest Share of Market Since at Least 2012
    Published Thu, May 21 2020 3:11 PM by www.redfin.com
    The number of new construction homes on the market fell just 10.5% year over year in April, the smallest decline in 2020 to date, while the supply of existing homes plunged 24%. The post Newly Built Homes Make Up Largest Share of Market Since at Least 2012 appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More .
    Click Here to Read the Full Article

    Source: www.redfin.com
  • 12:52 PM » Mnuchin sees U.S. economic bottom in second quarter, 'gigantic increase' fourth quarter
    Published Thu, May 21 2020 12:52 PM by Reuters
    U.S. Treasury Secretary Steven Mnuchin said on Thursday he believes the U.S. economy will "bottom out" in the second quarter and start to improve with the third quarter, with a "gigantic increase" in fourth quarter activity.
  • 12:48 PM » Multifamily Builder and Developer Confidence Falls in First Quarter on COVID-19 Pandemic
    Published Thu, May 21 2020 12:48 PM by eyeonhousing.org
    Confidence in the market for new multifamily housing weakened significantly in the first quarter of 2020, according to results from the National Association of Home Builders' Multifamily Market Survey (MMS). The MMS consists of two indices: the Multifamily Production Index (MPI), which fell 22 points to 27 (Figure 1), and the Multifamily Vacancy Index (MVI), which rose 19 points to... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 11:52 AM » Stocks slip on U.S.-China tensions; oil rises to 2-1/2-month high
    Published Thu, May 21 2020 11:52 AM by Reuters
    Global equities trended lower on Thursday on concerns about the long-term economic impact of the new coronavirus and simmering U.S.-China tensions, though oil markets set aside those worries and marched to a 2-1/2 month high.
  • 10:16 AM » April home sales drop nearly 18%, while decline in inventory pushes prices to a record high
    Published Thu, May 21 2020 10:16 AM by CNBC
    The economic fallout from the coronavirus hit the housing market hard in April.
  • 9:15 AM » Philly Fed Manufacturing firms reported "continued weakness" in May
    Published Thu, May 21 2020 9:15 AM by Calculated Risk Blog
    From the Philly Fed: May 2020 Manufacturing Business Outlook Survey Manufacturing firms reported continued weakness in regional manufacturing activity this month, according to results from the Manufacturing Business Outlook Survey. Despite remaining well below zero, the survey's current indicators for general activity, new orders, shipments, and employment rose this month after reaching long-term low readings in April. The firms expect the current slump in manufacturing activity to last less than six months, as the broadest indicator of future activity strengthened further from last month's reading; furthermore, the firms continue to expect overall growth in new orders, shipments, and employment over the next six months. After reaching a 40-year low in April, the diffusion index for current general activity rose 13 points to -43.1 , its third consecutive negative reading. The percentage of firms reporting decreases this month (58 percent) far exceeded the percentage reporting increases (15 percent). The firms continued to report overall decreases in manufacturing employment this month, but the current employment index increased 31 points to -15.3. emphasis added This was well close to the consensus forecast. 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). These early reports suggest the ISM manufacturing index will show significant contraction in May.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:55 AM » Gains Expected for Single-Family Built-for-Rent Construction
    Published Thu, May 21 2020 8:55 AM by eyeonhousing.org
    The number of single-family homes built-for-rent (SFBFR) posted a small year-over-year increase for the first quarter of 2020 despite otherwise challenging market conditions. The SFBFR market has received attention as a means to add single-family inventory amid concerns over housing affordability and downpayment requirements in the for-sale market, particularly during a period involving elevated unemployment and weak wage growth. Single-family... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 8:34 AM » Weekly jobless claims rose 2.438 million, vs 2.4 million estimate
    Published Thu, May 21 2020 8:34 AM by CNBC
    Weekly jobless claims rose 2.438 million, vs 2.4 million estimate<br/>https://www.cnbc.com/2020/05/21/us-weekly-jobless-claims.html
  • 8:14 AM » Treasury yields fall ahead of jobless claims data as global coronavirus cases spike
    Published Thu, May 21 2020 8:14 AM by CNBC
    U.S. government debt prices were higher Thursday morning as investors tried to gauge the likelihood of a sharp rebound ahead of a slew of economic data.
  • 8:04 AM » Black Knight: National Mortgage Delinquency Rate Increased Sharply in April, "Largest Single-Month Increase Ever Recorded"
    Published Thu, May 21 2020 8:04 AM by Calculated Risk Blog
    Note: Loans in forbearance are counted as delinquent in this survey, so the delinquency rate jumped in April. From Black Knight: Black Knight's First Look: Past-Due Mortgages Increase by 1.6 Million in April, Largest Single-Month Increase Ever Recorded; Delinquency Rate Nearly Doubles • 3.6 million homeowners were past due on their mortgages as of the end of April, the largest number since January 2015 • The number includes both homeowners past due on mortgage payments who are not in forbearance, as well as those in forbearance plans who did not make an April mortgage payment • At 6.45%, the national delinquency rate nearly doubled (+3.06%) from March , the largest single-month increase ever recorded, and nearly three times the previous single-month record set back in late 2008 • There were declines in cure activity among later-stage delinquencies as well, with the number of seriously delinquent mortgages (90+ days) increasing by 56,000 (+14%) from March • Both foreclosure starts and foreclosure sales hit record lows in April as moratoriums halted foreclosure activity across the country emphasis added According to Black Knight's First Look report for March, the percent of loans delinquent increased 90.2% in April compared to March, and increased 85.8% year-over-year. The percent of loans in the foreclosure process decreased 3.8% in April and were down 19.3% over the last year. Black Knight reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) was 6.45% in April, up from 3.39% in March. The percent of loans in the foreclosure process decreased in April to 0.40% from 0.42% in March. The number of delinquent properties, but not in foreclosure, is up 1,558,000 properties year-over-year, and the number of properties in the foreclosure process is down 48,000 properties year-over-year. Black Knight: Percent Loans Delinquent and in Foreclosure Process   Apr 2020 Mar 2020 Apr 2019 Apr 2018 Delinquent...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:03 AM » How Low Will Mortgage Rates Go? They're Now Below 3 Percent If You Know Where To Look
    Published Thu, May 21 2020 8:03 AM by www.realtor.com
    Mortgage rates have reached record lows, and now many housing experts are predicting they'll continue falling to the 2% range. The post How Low Will Mortgage Rates Go? They’re Now Below 3 Percent If You Know Where To Look appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
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More From MND

Mortgage Rates:
  • 30 Yr FRM 2.91%
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  • 15 Yr FRM 2.62%
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  • Jumbo 30 Year Fixed 3.95%
MBS Prices:
  • 30YR FNMA 4.5 107-10 (-0-04)
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  • 30YR FNMA 5.0 108-24 (-0-10)
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  • 30YR FNMA 5.5 110-01 (0-08)
Recent Housing Data:
  • Mortgage Apps 2.24%
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  • Refinance Index 0.44%
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  • Purchase Index 5.34%