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DickLepre
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Employment Situation (November 2017) - Nonfarm Payrolls seasonally adjusted month/month 228,000. Previous was revised up to 244,000 - Nonfarm Payrolls not seasonally adjusted 532,000. Previous was 21,000 - Unemployment Rate 4.1%. Previous was 4.1% - Private Payrolls month/month 221,000. Previous... Continue reading
Posted 3 days ago at <!-- Mortgages -->
Initial Jobless Claims (week ended 12/2/2017) - New Claims seasonally adjusted 236,000. Previous was 238,000 - New Claims unadjusted, totaled 325,762 an increase of 100,883 from previous - 4-week Moving Average 241,500. Previous was 242,250 We are getting into the... Continue reading
Posted 4 days ago at <!-- Mortgages -->
MBA Mortgage Applications (week ended 12/1/2017) - Purchase Index Week/Week +2.0%. Previous weeks were +2.0%, +5.0%, +0.4%, +1.0%, -1.0%, -6.0%, +4.0%, -0.1%, +1.0%, +3.0%, -11.0%, +11.0%, and +1.0%. - Refinance Index Week/Week +9.0%. Previous weeks were -8.0%, -5.0%, +6.0%, -1.0%,... Continue reading
Posted 5 days ago at <!-- Mortgages -->
Trade Deficit (October 2017) - Trade Deficit $48.7 billion. Previous was $44.9 billion Exports were flat. Imports were up in no small part consequent to higher oil prices. Net negative for 4thQ GDP. Redbook Chain Store Sales (week ended 12/2/2017)... Continue reading
Posted 6 days ago at <!-- Mortgages -->
Factory Orders (October 2017) - Factory Orders month/month -0.1%. Previous was +1.7% Continue reading
Posted 7 days ago at <!-- Mortgages -->
PMI Manufacturing Index (November 2017) - Level 53.9. Previous was 54.6 ISM Manufacturing Index (November 2017) - ISM Manufacturing Index - Level 58.2. Previous was 58.7 Those are two slightly weaker while still showing growth supply side indicators. Construction Spending... Continue reading
Posted Dec 1, 2017 at <!-- Mortgages -->
MBA Mortgage Applications (week ended 11/24/2017) - Purchase Index Week/Week +2.0%. Previous weeks were +5.0%, +0.4%, +1.0%, -1.0%, -6.0%, +4.0%, -0.1%, +1.0%, +3.0%, -11.0%, +11.0%, +1.0%, and -3.0%. - Refinance Index Week/Week -8.0%. Previous weeks were -5.0%, +6.0%, -1.0%, -5.0%,... Continue reading
Posted Nov 29, 2017 at <!-- Mortgages -->
Goods Trade Deficit (October 2017) - Balance $68.3 billion. Previous was $64.1 billion - Exports -1.0%. Previous was +0.7% - Imports +1.5%. Previous was +0.9% This is a negative for 4thQ2017 GDP. Retail Inventories (October 2017) - month/month -0.1%. Previous... Continue reading
Posted Nov 28, 2017 at <!-- Mortgages -->
New Home Sales (October 2017) - New Home Sales seasonally adjusted, annualized rate 685,000. Previous was 645,000 The seasonally adjusted month/month gains were very strong in the Northeast (30.2%) and Midwest (17.9%). This report tends to be bouncy month to... Continue reading
Posted Nov 27, 2017 at <!-- Mortgages -->
PMI Composite Flash (November 2017) - Composite 54.6. Previous was 55.7 - Manufacturing 53.8. Previous was 54.5 - Services 54.7. Previous was 55.9 Continue reading
Posted Nov 24, 2017 at <!-- Mortgages -->
MBA Mortgage Applications (week ended 11/17/2017) - Purchase Index Week/Week +5.0%. Previous weeks were +0.4%, +1.0%, -1.0%, -6.0%, +4.0%, -0.1%, +1.0%, +3.0%, -11.0%, +11.0%, +1.0%, -3.0%, and -2.0%. - Refinance Index Week/Week -5.0%. Previous weeks were +6.0%, -1.0%, -5.0%, -3.0%,... Continue reading
Posted Nov 22, 2017 at <!-- Mortgages -->
Chicago Federal Reserve National Activity Index (October 2017) - Level 0.65. Previous was +0.36 - 3 Month Moving Average +0.28. Previous was -0.16 This is an index of national activity and this is a strong reading. Equities rallied. Redbook Chain... Continue reading
Posted Nov 21, 2017 at <!-- Mortgages -->
Leading Economic Indicators (October 2017) - LEI month/month +1.2%. Previous was +0.1% This is calculated from weighing 10 forward looking indicators. Continue reading
Posted Nov 20, 2017 at <!-- Mortgages -->
Housing Starts (October 2017) - Starts seasonally adjusted, annualized rate 1,290,000. Previous was 1,135,000 - Permits adjusted, annualized rate 1,297,000. Previous was 1,225,000 The month/month changes are: SFR +1.9%. 2-4 units +20.0%. 5+ units 13.4% The year/year changes are: SFR... Continue reading
Posted Nov 17, 2017 at <!-- Mortgages -->
Initial Jobless Claims (week ended 11/11/2017) - New Claims seasonally adjusted 249,000. Previous was 239,000 - New Claims unadjusted, totaled 233,060 a decrease of 9,018 from previous - 4-week Moving Average 237,750. Previous was 231,250 GDPNow - 4thQ2017 GDP estimate... Continue reading
Posted Nov 16, 2017 at <!-- Mortgages -->
MBA Mortgage Applications (week ended 11/10/2017) - Purchase Index Week/Week +0.4%. Previous weeks were +1.0%, -1.0%, -6.0%, +4.0%, -0.1%, +1.0%, +3.0%, -11.0%, +11.0%, +1.0%, -3.0%, -2.0%, and -2.0%,. - Refinance Index Week/Week +6.0%. Previous weeks were -1.0%, -5.0%, -3.0%, +3.0%,... Continue reading
Posted Nov 15, 2017 at <!-- Mortgages -->
Rate Watch #1105 – Lack of Housing Hurts the Economy October 23, 2017 by Dick Lepre dicklepre@rpm-mtg.com www.loanmine.com Big Problem I have spent time recently researching the issue of why housing is so unaffordable in some places. In a month... Continue reading
Posted Nov 14, 2017 at <!-- The Economy -->
NFIB Small Business Optimism Index (October 2017) - level 103.8. Previous was 103.0 Modest recovery from the previous month's dip in an index which has been strong this year PPI-FD (October 2017) - PPI-FD month/month +0.4%. Previous was +0.4% -... Continue reading
Posted Nov 14, 2017 at <!-- Mortgages -->
Consumer Sentiment (November 2017) - Sentiment Index 97.8. Previous was 100.7 This is the metric from University of Michigan's Consumer Survey Center. Is is supposed to forecast consumer spending in the near future. The level fell but it fell from... Continue reading
Posted Nov 10, 2017 at <!-- Mortgages -->
Initial Jobless Claims (week ended 11/4/2017) - New Claims seasonally adjusted 239,000. Previous was 229,000 - New Claims unadjusted, totaled 241,568 an increase of 25,793 from previous - 4-week Moving Average 231,250. Previous 232,500 Puerto Rico was still showing effects... Continue reading
Posted Nov 9, 2017 at <!-- Mortgages -->
MBA Mortgage Applications (week ended 10/27/2017) - Purchase Index Week/Week +1.0%. Previous weeks were -1.0%, -6.0%, +4.0%, -0.1%, +1.0%, +3.0%, -11.0%, +11.0%, +1.0%, -3.0%, -2.0%, -2.0%, and +1.0%. - Refinance Index Week/Week -1.0%. Previous weeks were -5.0%, -3.0%, +3.0%, -4.0%,... Continue reading
Posted Nov 8, 2017 at <!-- Mortgages -->
Redbook Chain Store Sales (week ended 11/4/2017) - Store Sales year/year +2.6%. Previous was +3.6% JOLTS (September 2017) - Job Openings 6,093,000. Previous was 6,082,000 Continue reading
Posted Nov 7, 2017 at <!-- Mortgages -->
BLS Employment Situation Report (October 2017) - Nonfarm Payrolls month/month 261,000. Previous was 18,000 - Unemployment Rate 4.1%. Previous was 4.2 % - Private Payrolls month/month 252,000. Previous was 15,000 - Manufacturing Payrolls month/month - 24,000. Previous was 6,000 -... Continue reading
Posted Nov 3, 2017 at <!-- Mortgages -->
Challenger Job-Cut Report (October 2017) - Announced Layoffs 29,831. Previous was 32,346 Announced layoff remain low. Initial Jobless Claims (week ended 10/28/2017) - New Claims seasonally adjusted 229,000. Previous was 234,000 - New Claims not seasonally adjusted were 215,757 an... Continue reading
Posted Nov 2, 2017 at <!-- Mortgages -->
MBA Mortgage Applications (week ended 10/20/2017) - Purchase Index Week/Week -1.0%. Previous weeks were -6.0%, +4.0%, -0.1%, +1.0%, +3.0%, -11.0%, +11.0%, +1.0%, -3.0%, -2.0%, -2.0%, +1.0%, and -2.0%. - Refinance Index Week/Week -5.0%. Previous weeks were -3.0%, +3.0%, -4.0%, -2.0%,... Continue reading
Posted Nov 1, 2017 at <!-- Mortgages -->