Housing News | | There are two key, big picture home price indices in the U.S. They come out every month, but with a 2 month lag. That means we're getting September's prices today. The two indices are: S&P Case Shiller, which focuses o... (read more) |
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Housing News | | Even on a good day, the Census Bureau's New Residential Sales report has a notoriously wide margin of error. But today's 12.8% margin of error isn't even the best counterpoint to today's ostensibly alarming 17.3% month over month decline. ... (read more) |
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MBS Commentary | | No Major Data. No Major Drama While today's economic calendar was not necessarily "empty," it may as well have been in terms of market movement potential. Home prices came in hotter according to FHFA, b... (read more) |
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Mortgage Rate Watch | | Although there was a busier calendar of economic data today, mortgage rates are little changed after dropping at the fastest pace in several weeks to start the new week. Economic data is one of the main sources of motivation for the bond market which... (read more) |
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Rob Chrisman | | “If there's anyone out there who has no family and is planning to stay home alone this Thanksgiving, please let me know. I need to borrow some chairs.” Kind of cute… What isn’t cute is that the MBA has reduced its production forecast for 2025 from $2... (read more) |
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