Wednesday, January 12, 2022

Mortgage Rates: Moving on Up; Refinance Activity Will Slow Sharply

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Today, in the Calculated Risk Real Estate Newsletter: Mortgage Rates: Moving on Up A brief excerpt: The general rule of thumb is refinance ...

BLS: CPI increased 0.5% in December; Core CPI increased 0.6%

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From the BLS : The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in December on a seasonally adjusted basi...

MBA: Mortgage Applications Increase in Latest Weekly Survey

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From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 1.4 percent from one week earlie...
Tuesday, January 11, 2022

Wednesday: CPI

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Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index . ...

Update: The Inland Empire

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Way back in 2006 I disagreed with some analysts on the outlook for the Inland Empire in California. I wrote : As the housing bubble unwin...

Homebuilder Comments in December: “Still a ton of demand for new homes"

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Today, in the Calculated Risk Real Estate Newsletter: Homebuilder Comments in December: “Still a ton of demand for new homes" A brief ...

Missing Workers by Age Group

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Note: This is an update to an earlier post. In November, Goldman Sachs economists put out a research note on the labor force participation...

Leading Index for Commercial Real Estate "Declines in December"; Up Sharply Year-over-year

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From Dodge Data Analytics: Dodge Momentum Index Declines In December The Dodge Momentum Index fell 3% in December to 166.4 (2000=100), dow...
Monday, January 10, 2022

Tuesday: Fed Chair Powell Nomination Hearing

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From Matthew Graham at Mortgage News Daily: Mortgage Rates Spiking at Fastest Pace in a Long Time This morning's additional weakness i...

Update: Framing Lumber Prices Up 75% Year-over-year

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Here is another monthly update on framing lumber prices.   This graph shows CME random length framing futures through January 10th. Lumbe...