Daily Rate Update: December 10th-14th

Friday – December 14, 2018 The consumer continued to spend in November after some impressive numbers in October. November Retail Sales rose 0.2%, which was inline with expectations, but that doesn’t tell the whole story. When looking under the hood, … Read More

Daily Rate Update: December 3rd-7th

Friday – December 7th, 2018: The Bureau of Labor Statistics reported on Friday that U.S. employers added 155,000 new workers in November, below the 189,000 expected. Revisions for September and October were revised lower by a total of a modest … Read More

It’s Just The Facts: November 2018

Housing Facts You Need To Know: OWNERS AND RENTERS – The 111.7 million households that existed in the United States on 9/30/08 were split 68/32 between 75.9 million owners and 35.8 million renters.  The 121.4 million households in the United States on 9/30/18 were split 64/36 between 78.1 million owners and 43.3 … Read More

Daily Rate Update: November 26th-30th

Friday – November 30, 2018 Freddie Mac released its Economic & Housing Forecast for November revealing that it expects modest housing market growth in 2019. Freddie Mac expects home sales to increase 1% to 6.08 million units in 2019 and … Read More

Daily Rate Update: November 19th-23rd

Wednesday – November 21, 2018 The National Association of REALTORS® reports that Existing Homes Sales rebounded in October after six straight months of declines. Existing Homes Sales rose 1.4% from September to an annual rate of 5.22 million units, just … Read More

Daily Rate Update: November 13th-16th

Friday – November 16, 2018 U.S. Stocks are closing out the week the same way they came in… with extreme volatility. The Dow Jones Industrial Average traded as high as 26,000 with a low of 24,787. Stocks were influenced this … Read More

Daily Rate Update: November 5th-9th

Friday – November 9, 2018 Fannie Mae released its Home Purchase Sentiment Index (HPSI) for October this week showing a decline in sentiment despite a favorable U.S. economy. The HPSI fell 2 points in October to 85.7, continuing its recent … Read More

Daily Rate Update: October 29th-November 2nd

Friday – November 2, 2018 The job market continued to strengthen in October and rebounded after an ease in job growth in September due in part to severe weather on the East Coast. The Bureau of Labor Statistics reported that … Read More

It’s Just The Facts: October 2018

Housing Facts from October 2018 Half as many – US homebuilders started construction on 13.7M homes between 1998-2007, 1.3M per year. Between 2008-2017, only 6.1M started or 611,400 per year. – Census Bureau Equity – The average loan-to-value ratio in … Read More

Daily Rate Update: October 22nd-26th

Friday – October 26, 2018 The first read on third-quarter Gross Domestic Product (GDP) rose 3.5% versus the 3.3% though down from the frothy 4.2% seen in the second quarter. The 4.2% is very hard to achieve again given the … Read More

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