• December 13, 2022
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Inflation moderated more than expected in November, but consumer prices remained near a multi-decade high, continuing to squeeze millions of U.S. households and small businesses. The Labor Department said Tuesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.1% in November from the

• December 12, 2022
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• realestatelife

Three Things: These are the three areas that have the greatest ability to impact your backend pricing this week. 1) The Talking Fed, 2) Central Bank Palooza and 3) Inflation Nation. 1) The Talking Fed: On Wednesday we get the Fed’s latest Interest Rate Decision and Policy statement. The bond market has a 50BPS rate

• December 9, 2022
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• realestatelife

Inflation Nation: November Producer Price Index was hotter than expected with the MOM Headline reading increasing by 0.3% vs. est. of 0.1%, plus October was revised higher. YOY, it matched forecasts at 7.4% which is lower than October’s YOY upwardly revised pace of 8.1%. Core PPI (ex food and energy) was also higher than expected.

• December 11, 2022
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• realestatelife

U.S. producer prices rose faster than expected in November, in another sign that inflation isn’t coming down as fast as the Federal Reserve would like. The producer price index rose by 0.3% from October, more than the 0.2% consensus, and October’s number was also revised up to 0.3% from 0.2%. The picture was flattered by volatile food

• December 6, 2022
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• realestatelife

Trade Balance: The October total Goods and Services Trade Balance was -$78.2.B vs est of -$79.1B but it was much larger than September’s level of -$73.28B as exports fell to lowest level since June. Central Bank Palooza: The Reserve Bank of Australia increased their main interest rate by 25BPS which was widely expected. Interest rates

• December 6, 2022
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U.S. job growth rose faster than expected in November as the labor market remained resilient in the face of higher interest rates, scorching-hot inflation and mounting recession fears. Employers added 263,000 jobs in November, the Labor Department said in its monthly payroll report released Friday, topping the 200,000 jobs forecast by Refinitiv economists. It marks a

• December 1, 2022
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• realestatelife

Federal Reserve Chair says the path ahead for inflation remains “highly uncertain.” Powell said inflation forecasts of private-sector forecasters or of Federal Open Market Committee participants broadly show a significant decline over the next year. However, forecasts have been predicting just such a decline for more than a year, while inflation has moved stubbornly sideways.

• November 30, 2022
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• realestatelife

Home prices declined by 30% during the Great Recession of 2008-2009. The housing market is on much solid foundation this round. Given so much news media coverage about the potential for home price pullback, it is worth visiting the fundamentals related to the current cycle versus the last. – 20 more jobs today and no

• November 22, 2022
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Rosie the Riveter: The November Richmond Fed Manufacturing Index showed contraction at -9 vs. est. of -1 The Talking Fed: Today we hear from Loretta Mester., Esther George and James Bullard. Treasury Dump: We get the last auction of the week with today’s 1:00 7 year note auction. Interest rates fractionally better this morning in

• November 21, 2022
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MBS OVERVIEW Three Things: These are the three areas that have the greatest ability to impact your backend pricing this week: 1) Central Bank Palooza, 2) The Talking Fed and 3) Domestic Flavor 1) Central Bank Palooza: We will get key interest rate decisions from China and New Zealand. NZ is expected to raise their