Tuesday: CPI

From Matthew Graham at Mortgage News Daily: Mortgage Rates Face More Volatility Later This Week Mortgage rates didn’t do much today, and that’s good enough news considering the average lender is closer to the lower end of the rate range since early October. The only counterpoint would be that there isn’t much distance between the […]


Employment: December Diffusion Indexes

I haven’t posted this in a few months. The BLS diffusion index for total private employment was at 57.0 in December, down from 65.7 in November. For manufacturing, the diffusion index was at 44.7, down from 65.8 in November. Think of this as a measure of how widespread job gains are across industries. The further […]

Real Estate

Buying a Home Early Can Significantly Increase Future Wealth

According to an Urban Institute study, homeowners who purchase a house before age 35 are better prepared for retirement at age 60. The good news is, our younger generations are strong believers in homeownership. According to a Freddie Mac survey, “The dream of homeownership is alive and well within “Generation Z,” the demographic cohort following Millennials. Our […]


The chaps are back in town

The FT carries this today: As an indication of the times it is pretty telling. The Tories are not interested in audit reform: why upset their chums? And who cares anyway if the odd company goes to the wall because monopoly suppliers don’t do their job properly? Whilst let’s make progress over private dinners. I could […]


The loan charge discussion on Radio 2

I was on the Jeremy Vine show, discussing the Loan Charge last week. I have already blogged about this a couple of times, but the broadcast has now been turned into a YouTube by the Loan Charge Action Group, which I now share. That is a very old picture of Jeremy Vine. I am next […]