Treasury yields touch 3-week low as market uncertainty surrounds key health-care vote

  • March 22, 2017
  • no comment
  • realestate

Treasury yields declined on Wednesday to their lowest levels in more than three weeks as congressional Republicans struggled to convince certain conservative legislators to support their plan to repeal and replace Obamacare. Yields, which fall as prices rise, were on track to fall for a fourth straight session, with the yield on the 10-year Treasury

READ MORE

Investors step cautiously ahead of Yellen & Company today

  • March 3, 2017
  • no comment
  • realestate

Investors will lock in Friday on speeches by the Federal Reserve’s top policy-makers, Yellen’s speech is scheduled for 1 PM Eastern Time. Warming up traders for the boss, four other Fed officials take the stage before her: Fed No. 2 Stanley Fischer, Fed Gov. Jerome Powell, the Chicago Fed’s Charles Evans and Richmond’s Jeffrey Lacker.

READ MORE

February ISM Non Manufacturing expands

  • March 3, 2017
  • no comment
  • realestate

February ISM Non Manufacturing (Services) 57.6 vs.estimates of 56.5. This represents more than 2/3 of our economic engine, any reading above is expansionary.

READ MORE

January Factory Orders as expected

  • March 6, 2017
  • no comment
  • realestate

January Factory Orders 1.2% vs. estimates of 1.2%. Not a factor for interest pricing today.

READ MORE

Wall Street stocks lined up for cautious moves ahead of Yellen speech, health-care vote

  • March 23, 2017
  • no comment
  • realestate

U.S. stock futures traded in tight ranges on Thursday, as investors kept their eye on a speeches from Federal Reserve members including Chairwoman Janet Yellen, as well as an important vote on a health-care bill.

READ MORE

January Trade Balance meets

  • March 7, 2017
  • no comment
  • realestate

January Trade Balance -48.5B vs. estimates of -48.5B. This of course meets expectations and will not be a factor for today’s pricing.

READ MORE

ADP reports blowout 298,000 jobs gain for February

  • March 8, 2017
  • no comment
  • realestate

ADP says February was third-best month of jobs growth of the recovery. Private-sector employment increased by 298,000, ADP reported Thursday. That gain suggests a much better than forecast reading for the payrolls report due Friday, where expectations are for 200,000 jobs added.

READ MORE

Unit Labor Costs / Nonfarm Productivity

  • March 8, 2017
  • no comment
  • realestate

Unit Labor Costs 1.7 vs. estimates of 1.6. Nonfarm Productivity 1.3 vs. estimates of 1.5. This is revised data from the 4th QTR.

READ MORE

Jobless claims surge 20,000 to 243,000

  • March 9, 2017
  • no comment
  • realestate

The number of Americans who applied for unemployment benefits jumped by 20,000 to 243,000 in early March, but layoffs remained near a 45-year low. Economists had expected initial jobless claims to total 238,000 in the seven days stretching from Feb. 26 to March 4

READ MORE

U.S import prices surge again, but this time it’s not oil

  • March 9, 2017
  • no comment
  • realestate

The price of imports rose in February for the third month in a row, and in a potentially worrisome sign, the increase spread beyond oil into other industrial and consumer goods. The import price index rose 0.2% in February following even bigger increases in the prior two months, the government reported Thursday. Yet unlike in

READ MORE

Subscribe to Newsletter

Get weekly updates on mortgage rates, finance, lending and real estate.