December 30, 2022 – Economic News

• December 30, 2022
• realestate
• Business & Markets, Fed, Interest Rates, Politics & Economy, Rates, Real Estate, Real Estate Finance, Recession, Your Real Estate Life

Rosie the Riveter: The December Chicago PMI hit 44.9 vs. est. of 41.2. While this is still very much in contractionary territory, its a big move upward from Novembers reading of 37.2

Intra-Day Lock Status Video: ***The bond market will close EARLY today at 2 pm ET and will not reopen until Tuesday***In today’s video Bryan discusses why MBS are down this morning and if they can recover. Have a safe and happy new year!

Next Week: Monday closed. Tuesday Dec IHS Markit manufacturing index, Nov construction spending. Wednesday MBA mortgage applications, Dec ISM manufacturing index, Nov JOLTS job openings, Dec ADP private jobs. Thursday weekly jobless claims, Nov US trade deficit, HIS Dec services index. Friday Dec employment data, Dec ISM services sector index.

This Week: The 10 yr. note increased 13 bps to 3.88%, MBS prices held well, -just 58 bps. The DJIA -57, NASDAQ -31, S&P -5. The dollar continued to decline, the index -0.86. Crude oil +$0.73. Gold +$26.00.