From Matthew Graham at Mortgage News Daily: Great Day For Mortgage Rates, But There’s a Catch Mortgage rates added to last week’s friendly rebound with their best single-day drop in more than a month today. Weak economic data in Europe and tepid domestic data helped drive demand in safe-haven bond markets. [Most Prevalent Rates 30YR […]
Day: September 23, 2019
NAHB: “55+ Housing Market Remains Solid in Second Quarter”
This was released last month. This index is similar to the overall NAHB housing market index (HMI), but only released quarterly. The NAHB started this index in Q4 2008 (during the housing bust), so the readings were initially very low. From the NAHB: 55+ Housing Market Remains Solid in Second Quarter Builder confidence in the single-family 55+ housing […]
Markets shake off a series of unusual events
I am the mother of three, including a 13-year-old girl and a 12-year-old boy. Like many American children their age, they spent the last several months obsessed with an urban myth surrounding Area 51. Many conspiracy theorists believe that Area 51, a secretive Air Force base in Nevada, is being used by the US military […]
A factor rotation with staying power?
A perceived lull in U.S.-China trade tensions has eased market fears about an economic downturn, prompting a rebound in bond yields. One result: a shift in equity factor leadership. U.S. value has recovered and momentum stumbled. Does this factor rotation have staying power? We think it is too early to call for a value revival […]
Black Knight’s First Look: National Mortgage Delinquency Rate Decreased in August, Foreclosure Inventory Lowest Since 2005
From Black Knight: Black Knight’s First Look: Foreclosure Starts Hit 18-year Low in August; Mortgage Prepayments Continue to Rise in Lower Interest Rate Environment • August’s 36,200 foreclosure starts made for the lowest single-month total since December 2000 • The number of loans in active foreclosure inventory also fell; at 253,000, it’s the fewest since […]
Chicago Fed “Index Points to a Pickup in Economic Growth in August”
From the Chicago Fed: Index Points to a Pickup in Economic Growth in August Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.10 in August from –0.41 in July. All four broad categories of indicators that make up the index increased from July, but three of the four […]
Is Your House “Priced to Sell Immediately”?
In today’s real estate market, more houses are coming to market every day. Eager buyers are searching for their dream homes, so setting the right price for your house is one of the most important things you can do. According to CoreLogic’s latest Home Price Index, home values have risen at over 6% a year […]
Introducing carbon beta: What pricing carbon means for investors
Investors already know that the transition to a low-carbon economy matters to their portfolios. But measuring how it matters has been incredibly difficult – until now. In order to answer this pressing question, BlackRock Sustainable Investing has developed a new cutting-edge investment metric called Carbon Beta. Simply put, it’s a way of measuring a company’s […]
Escaping the politics of an era long gone
It is possible that this will be just another normal Monday. But I doubt it. The Labour Party is at war with itself, or rather its membership, in Brighton, struggling in the process to find both its own democratic processes and policy. Boris Johnson is in the USA to discuss climate change. He has announced […]