UCI Professor Chris Schwarz and I have presented together before. Always interesting! He will be offering his thoughts on the…
Continue ReadingFed Remains Ready to Step In: FOMC Preview
In terms of a market impact, expectations are low for the outcome of the Federal Open Market Committee’s meeting tomorrow.…
Continue ReadingHVS: Q2 2020 Homeownership and Vacancy Rates
The Census Bureau released the Residential Vacancies and Homeownership report for Q2 2020. It is likely the results of this…
Continue ReadingRichmond Fed: “Manufacturing in the Fifth District showed signs of recovery in July”
From the Richmond Fed: Manufacturing in the Fifth District showed signs of recovery in July Manufacturing in the Fifth District…
Continue ReadingCase-Shiller: National House Price Index increased 4.5% year-over-year in May
S&P/Case-Shiller released the monthly Home Price Indices for May (“May” is a 3 month average of March, April and May…
Continue ReadingTuesday: Case-Shiller House Prices, Richmond Fed Mfg
From Matthew Graham at Mortgage News Daily: Mortgage Rates Edge Slightly Higher Again Mortgage rates have been falling so much…
Continue ReadingJuly 27 COVID-19 Test Results
The US is now reporting over 700,000 tests per day. Based on the experience of other countries, the percent positive…
Continue ReadingWho Says You Can’t Time the Market?
Junk Bonds (JNK) rallied Friday, closing above the 50-week moving average. Then, today, JNK ran up to yet another new…
Continue ReadingFreddie Mac: Mortgage Serious Delinquency Rate increased sharply in June, Highest in 7 Years
Freddie Mac reported that the Single-Family serious delinquency rate in June was 2.48%, up from 0.81% in May. Freddie’s rate…
Continue ReadingMBA Survey: “Share of Mortgage Loans in Forbearance Decreases for Sixth Straight Week to 7.74%” of Portfolio Volume
Note: To put these numbers in perspective, the MBA notes “For the week of March 2, only 0.25% of all…
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