Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
33,878
# of User Comments
Select a Date
Use the calendar to view news headlines from a specific date.
Today  |  Yesterday  |  Random
Bottom Right Default
State Name: Connecticut
State Name underscore: Connecticut
State Name dash: Connecticut
State Name lower underscore: connecticut
State Name lower dash: connecticut
State Name lower: connecticut
State Abbreviation: CT
State Abbreviation Lower: ct
Suggest a Story
Paste the URL of the story below to submit for editorial review and possible inclusion in ATW.
Please add 3 and 7 and type the answer here:
Leave this field blank.
What is Around the Web?
It is a continuously updated stream of news from around the web
Visit throughout the day for the latest breaking news.
» Click any link below to read more.
  • Fri, Jun 14 2019
  • 5:31 PM » Wall Street ends slightly lower with Fed in focus
    Published Fri, Jun 14 2019 5:31 PM by Reuters
    U.S. stocks ended lower on Friday, with investors cautious going into next week's Federal Reserve meeting, while a warning from Broadcom of a broad weakening in global demand weighed on chipmakers.
  • 3:44 PM » Besides a cut, the Fed could do this
    Published Fri, Jun 14 2019 3:44 PM by CNBC
    The "Halftime Report" traders think the Fed won't cut rates next week but needs to continue signaling that it is monitoring economic developments and will intervene if necessary.
  • 3:12 PM » TREASURIES-Yield curve flattens as sturdy data eases slowdown fears
    Published Fri, Jun 14 2019 3:12 PM by CNBC
    TREASURIES-Yield curve flattens as sturdy data eases slowdown fears
  • 1:26 PM » All eyes on Fed as stock market pines for rate cut
    Published Fri, Jun 14 2019 1:26 PM by Reuters
    The Federal Open Market Committee meeting next week is shaping up as a pivotal one for Wall Street, with stocks primed for a selloff should the Fed fail to take an even more dovish tilt after policymakers raised expectations for a rate cut in recent weeks.
  • 12:40 PM » Consumers 'won't accept it' — ex-retailer says stores can forget price hikes to offset tariffs
    Published Fri, Jun 14 2019 12:40 PM by CNBC
    Major retailers are making changes behind-the-scenes to offset any costs from the Chinese tariffs, says ex-department store executive Jan Kniffen.
  • 11:56 AM » Q2 GDP Forecasts: Around 2%
    Published Fri, Jun 14 2019 11:56 AM by Calculated Risk Blog
    From Merrill Lynch: Core retail sales popped 0.5% mom in May with positive revisions. Industrial production and inventories were also solid. The data lifted 2Q GDP tracking by 0.4pp to 2.5% qoq saar . 1Q GDP tracking was unchanged at 3.2%.[June 14 estimate] emphasis added From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 1.4% for 2019:Q2 and 1.7% for 2019:Q3 [June 14 estimate]. And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2019 is 2.1 percent on June 14 , up from 1.4 percent on June 7. After this morning's retail sales release from the U.S. Census Bureau, and this morning's industrial production report from the Federal Reserve Board of Governors, the nowcast of second-quarter real personal consumption expenditures growth increased from 3.2 percent to 3.9 percent. [June 14 estimate] CR Note: These estimates suggest real GDP growth will be around 2% annualized in Q2.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 11:26 AM » Treasury Rally Pauses for Breath as American Shoppers Show Up
    Published Fri, Jun 14 2019 11:26 AM by Bloomberg
    Treasury Rally Pauses for Breath as American Shoppers Show Up    Bloomberg Treasuries halted their advance after data showing that American shoppers are proving more resilient than expected and factory output strengthening.
  • 10:28 AM » The Fed is likely to drop 'patient' word next week, clearing way for July cut, economists say
    Published Fri, Jun 14 2019 10:28 AM by CNBC
    The Fed is not likely to make a move on interest rates when it meets next week, but it is expected to smooth the way for a rate cut later in the summer.
  • 9:57 AM » Industrial Production Increased 0.4% in May
    Published Fri, Jun 14 2019 9:57 AM by Calculated Risk Blog
    From the Fed: Industrial Production and Capacity Utilization Industrial production rose 0.4 percent in May after falling 0.4 percent in April . The indexes for manufacturing and mining gained 0.2 percent and 0.1 percent, respectively, in May; the index for utilities climbed 2.1 percent. At 109.6 percent of its 2012 average, total industrial production was 2.0 percent higher in May than it was a year earlier. Capacity utilization for the industrial sector moved up 0.2 percentage point in May to 78.1 percent , a rate that is 1.7 percentage points below its long-run (1972-2018) average. emphasis added Click on graph for larger image. This graph shows Capacity Utilization. This series is up 11.4 percentage points from the record low set in June 2009 (the series starts in 1967). Capacity utilization at 78.1% is 1.7% below the average from 1972 to 2017 and below the pre-recession level of 80.8% in December 2007. Note: y-axis doesn't start at zero to better show the change. The second graph shows industrial production since 1967. Industrial production increased in May to 109.2. This is 26% above the recession low, and 4.0% above the pre-recession peak. The increase in industrial production and increase in capacity utilization were above consensus.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:42 AM » A $4 Trillion Risk Tied to Freeing Fannie and Freddie Could Hurt U.S. Homebuyers
    Published Fri, Jun 14 2019 9:42 AM by Bloomberg
    A $4 Trillion Risk Tied to Freeing Fannie and Freddie Could Hurt U.S. Homebuyers    Bloomberg The Trump Administration's urgency to free Fannie Mae and Freddie Mac from federal control has some on Wall Street worried that it might happen without the ...
  • 9:27 AM » Take Five: The Fed and the rest
    Published Fri, Jun 14 2019 9:27 AM by Reuters
    With President Donald Trump's trade policies heightening fears of a U.S. recession, expectations of a Fed rate cut have dramatically increased in the past month. Money market pricing became even more aggressive after Federal Reserve Chair Jerome Powell threw open the door to a cut, promising on June 4 the Fed would act "as appropriate" to address risks from the trade dispute. It was the second sudden shift in the Fed's tone, after January when it abandoned its bias toward steady tightening.
  • 8:37 AM » US retail sales rose in May, while April was revised higher
    Published Fri, Jun 14 2019 8:37 AM by CNBC
    U.S. retail sales were expected to rise 0.6% in May, after slipping 0.2% a month earlier.
  • 8:04 AM » Fed Seen on Track for 2019 Cut Though It's a Close Call: Survey
    Published Fri, Jun 14 2019 8:04 AM by Bloomberg
    Fed Seen on Track for 2019 Cut Though It's a Close Call: Survey    Bloomberg The Federal Reserve will likely cut interest rates this year but not nearly as aggressively as investors expect, according to a Bloomberg survey of economists.
  • 8:03 AM » Bond yields slip, stocks suffer on cooling China data
    Published Fri, Jun 14 2019 8:03 AM by Reuters
    World stocks struggled and safe haven bets were back in play on Friday with German bond yields plumbing record lows as Chinese data rekindled woes about the health of the global economy and fears of a new U.S.-Iran confrontation intensified.
  • Thu, Jun 13 2019
  • 4:56 PM » These 15 cities boast the best 20-year returns on home values
    Published Thu, Jun 13 2019 4:56 PM by CNBC
    From 1999 to 2019, home values have risen more than 90% nationwide. In some places, the gain is above 300% or even 400%.
  • 4:55 PM » HUD says "no" to DACA recipients
    Published Thu, Jun 13 2019 4:55 PM by www.consumerfinancemonitor.com
    For some time the mortgage industry, without success, has asked the US Department of Housing and Urban Development to provide a clear answer to the question of whether Deferred Action for Childhood Arrival (DACA) recipients are eligible for FHA loans. HUD finally provided a clear answer in responding to an inquiry from Representative Pete Aguilar... Continue Reading
    Click Here to Read the Full Article

    Source: www.consumerfinancemonitor.com
  • 2:54 PM » Homeowners Cautious with Lines of Credit Despite Equity Gains
    Published Thu, Jun 13 2019 2:54 PM by eyeonhousing.org
    The current release of the Federal Reserve's Z.1 Financial Accounts report of the U.S., also known as the flow of funds report, shows a continuing increase in the market value of households in the U.S. Mortgage debt continues to expand as well, albeit at a much slower pace. The aggregate market value of houses represents assets on households' balance sheets,... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 12:52 PM » These home improvements can help shave money off your utility bills
    Published Thu, Jun 13 2019 12:52 PM by CNBC
    Conducting a home assessment can help cut your energy use - and bills - significantly. Here's where homeowners can start if they want to reap the rewards of those savings.
  • 11:00 AM » U.S. retailers' halting outlook reveals scale of tariff fear
    Published Thu, Jun 13 2019 11:00 AM by Reuters
    The first half of 2019 was expected to be a boon for U.S. retailers, buoyed by solid consumer sentiment at home and expansion in China - the market many of them have targeted for the future.
  • 9:54 AM » A Recession Signal Is Hidden in U.S. Bond History
    Published Thu, Jun 13 2019 9:54 AM by Bloomberg
    A Recession Signal Is Hidden in U.S. Bond History    Bloomberg It's easy to sense signs of strain in the U.S. economy: inversion of the yield curve, lackluster jobs data and an escalating trade war with China. It's more difficult to ...
  • 9:18 AM » US import prices post the largest drop in 5 months
    Published Thu, Jun 13 2019 9:18 AM by CNBC
    U.S. import prices fell by the most in five months in May amid a broad decline in the cost of goods, the latest indication of muted inflation that strengthens the case for the Federal Reserve to cut interest rates this year.
  • 9:00 AM » CFPB provides highlights of first six months under Director Kraninger's leadership
    Published Thu, Jun 13 2019 9:00 AM by www.consumerfinancemonitor.com
    To mark the first six months of Kathy Kraninger's tenure as CFPB Director, the CFPB issued a press release providing highlights of the Bureau's activities during that period. The activities highlighted are those in the areas of consumer financial education, supervision, enforcement, and rulemaking. The takeaway from the press release is that the Bureau continues... Continue Reading
    Click Here to Read the Full Article

    Source: www.consumerfinancemonitor.com
  • 8:02 AM » Leading mortgage lender Quicken Loans sees record loan volumes
    Published Thu, Jun 13 2019 8:02 AM by CNBC
    "We're having record months. This quarter will be the largest quarter in the company's history," Quicken Loans CEO Jay Farner says.
  • 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.
1 2 3 4 5 Next > ... Last »
Did you know?
You can see a list of all comments on MND by clicking the 'Read the Latest Comments' option under the 'Community' menu.
 

More From MND

Mortgage Rates:
  • 30 Yr FRM 3.92%
  • |
  • 15 Yr FRM 3.71%
  • |
  • Jumbo 30 Year Fixed 3.91%
MBS Prices:
  • 30YR FNMA 4.5 104-10 (-0-04)
  • |
  • 30YR FNMA 5.0 105-11 (-0-01)
  • |
  • 30YR FNMA 5.5 106-17 (0-01)
Recent Housing Data:
  • Mortgage Apps -2.47%
  • |
  • Refinance Index -2.02%
  • |
  • Purchase Index -2.63%