Cooler inflation data sends mortgage rates lower
On Tuesday, the Consumer Price Index (CPI) data came in cooler than expected, and the bond market loved it, driving mortgage rates lower. Where do we go from here? Headline… Read more »
Category: Economics
August jobs numbers are bad, but there’s a silver lining
The U.S. economy produced just 235,000 new jobs in August, far below economists’ expectations of 725,000 jobs. It was the slowest month of growth since January 2021. Roughly one million… Read more »
Job growth continues as 943,000 added in July
Even with the delta variant of the coronavirus spreading through the country, July’s job report was surprisingly positive. On Friday, the U.S. Labor Department announced 943,000 new jobs were added… Read more »
What a dismal jobs report means for the housing market
April was supposed to be the month that proved America’s economy had definitively kicked back into full gear. After all, roughly one million jobs were added in March, roughly 40%… Read more »
Why you shouldn’t worry about the drop in new home sales
Today the Census Bureau reported that in February 2021, new single-family home sales were at a seasonally adjusted annual rate of 775,000. This was a big miss from estimates. Although… Read more »
The housing bubble boys blew it in 2020
The NAR existing home sales report released today blew out all estimates with 6,540,000 in existing home sales. This epic headline punctured any bubbles the 2020 bubble boys had left… Read more »
Homebuilder Confidence on the Rise
According to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly-built single-family homes rose an impressive seven points to 37…. Read more »
The Week Ahead: Will Housing Starts, Permits Rebound?
The U.S. Census Bureau will release its latest number surrounding housing starts, permits, and completions for April. Numbers last month for March found housing data fell off the cliff. Housing… Read more »
How to Track Your Coronavirus Stimulus Check or Direct Deposit
The first coronavirus stimulus checks are hitting bank accounts this week. That means many people who have direct deposit are waking up to find an extra $1,200 in their bank… Read more »
Federal Reserve makes emergency rate cut amid coronavirus fears
The Federal Reserve unexpectedly cut its benchmark rate by half a percentage point in an effort to bolster the economy and calm coronavirus fears. “The coronavirus poses evolving risks to… Read more »