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Chicago PMI for February Beats

  • February 28, 2017
  • no comment
  • realestate

February Chicago PMI 57.4 vs. estimates of 53.0. Any reading above 50 is expansionary and this is a big beat…this is generally negative for interest rate pricing.

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Consumer confidence hits 15-year

  • February 28, 2017
  • no comment
  • realestate

February Consumer Confidence 114.8 vs. estimates of 110.9. Another very strong reading, generally a tad negative for interest rate pricing.

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Dow Snaps Record Run as Wall Street Awaits Details from Trump

  • February 28, 2017
  • no comment
  • realestate

The Dow halted a 12-session streak of record closing highs as U.S. stocks capped the session lower. Investors are awaiting more clarity on policy promises from President Donald Trump who will deliver his first address to a joint session of Congress Tuesday night.

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Fed’s Dudley says case for interest-rate hike has become ‘a lot more compelling’

  • February 28, 2017
  • no comment
  • realestate

New York Fed President William Dudley on Tuesday said that “animal spirits have been unleashed a bit” in the wake of the presidential election, pointing to the rise in the stock market. Bond yields spiked after Dudley’s comments were reported with the two year yield rising to 1.26%. The dollar also jumped. In addition odds

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Fed’s Williams says there will be ‘serious consideration’ of interest rate hike at March meeting

  • February 28, 2017
  • no comment
  • realestate

In a speech the Santa Cruz Chamber of Commerce, Williams said he was confident the economy would continue to grow at a healthy pace even as the central bank raises rates. “The aim is to keep the economic expansion on sound footing – not too hot, not too cold —that can be sustained for as

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Business investment off to poor start in 2017, durable goods report shows

  • February 27, 2017
  • no comment
  • realestate

Business investment got off to a poor start in 2017 aside from the aerospace industry, perhaps a sign businesses are awaiting new policies by the Trump administration before acting. January Durable Goods Orders 1.8% vs. estimates of 1.7%. Ex Transportation -0.2% vs. estimates of 0.5%.

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January New Home Sales Inventory Tight

  • February 27, 2017
  • no comment
  • realestate

January Pending Home Sales -2.8% vs. estimates of 0.8%. Tighter inventory is dragging on contracts but not a factor in pricing today.

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February University of Michigan’s Consumer Sentiment

  • February 24, 2017
  • no comment
  • realestate

February University of Michigan’s Consumer Sentiment Index was revised from 95.7 to 96.3, estimates were 96.0.

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Jobless claims rise by 6,000 to 244,000

  • February 23, 2017
  • no comment
  • realestate

Initial Weekly Jobless Claims 244K vs. estimates of 241K. Continuing Jobless Claims 2.060M vs. estimates of 2.051M. These are pretty good readings, but not a factor for interest rate pricing this morning.

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January Existing Home Sales Beat

  • February 22, 2017
  • no comment
  • realestate

January Existing Home Sales 5.69M vs. estimates of 5.54M. A nice beat, but not a factor in pricing today.

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