• February 3, 2017
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• realestatelife

President Trump plans to order a rollback Friday of regulations governing the financial services industry and Wall Street under the Dodd-Frank law and beyond, a White House source confirmed. Gary Cohn, White House Economic Council director, told the Wall Street Journal in an interview published last night that the administration would also move against a

• February 3, 2017
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• realestatelife

January ISM Non-Manufacturing PMI 56.5 vs. estimate of 57.0. December Factory Orders 1.3% vs. estimates of 1.0%. A slight miss in the ISM but a reading above 56 for 2/3 of our economy is very strong, a slight negative for pricing.

• February 2, 2017
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• realestatelife

The Bank of England left its key interest rate unchanged at 0.25%. Policymakers last cut the rate at the August meeting

• February 2, 2017
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• realestatelife

The number of Americans who applied for unemployment benefits at the end of January fell by 14,000 to 246,000 vs. estimates of 250,000, an extremely low level that might foreshadow another solid employment report in the first month of the new year. Continuing Jobs 2.064 vs est of 2.065M. Preliminary 4th QTR Non-Farm Productivity 1.3%

• February 1, 2017
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• realestatelife

Private-sector hiring picked up in January, as employers added 246,000 jobs, well above expectations, ADP reported. Economists had expected a January gain of 168,000, compared with an originally reported increase of 153,000 in December. ADP reduced December’s gain to 151,000

• February 1, 2017
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• realestatelife

January ISM Manufacturing 56.0 vs. estimates of 55.0. ISM Prices Paid shot up to 69.0 beating estimates of 66.0. This ISM data is negative for bonds and interest rates.

• February 1, 2017
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• realestatelife

December Construction Spending -0.2% vs. of 0.2%. We await the Fed results later today.

• February 1, 2017
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• realestatelife

FOMC: Leaves Interest Rates Unchanged in unanimous vote. They said no change in their balance sheet reinvesment (MBS and Treasuries), but changed language from “may” hit 2% to “will” hit 2%. Continue to see solid job gains and moderate growth

• January 31, 2017
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• realestatelife

January Chicago PMI 50.3 vs. estimates of 55.0. This is certainly much lower than expected, but any reading above 50 is shows expansion. Tomorrow’s National ISM number is more important but generally, this would be a slight positive for interest rate pricing.

• January 31, 2017
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• realestatelife

January Consumer Confidence 111.8 vs. estimates of 112.5. This is very close to expectations and a good reading as well. Not enough of a miss to cause a continued rally though for interest rates.