• July 6, 2017
• no comment
• realestatelife

Initial jobless claims in the period running from June 25 to July 1 increased 4,000 to a seasonally adjusted 248,000, the government said Thursday. Initial claims count people who apply for benefits after losing their jobs.

• July 6, 2017
• no comment
• realestatelife

The 30-year fixed-rate mortgage averaged 3.96% in the July 6 week, up eight basis points during the week. The 15-year fixed-rate mortgage averaged 3.22%, up from 3.17% last week. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.21%, up four basis points. Those rates don’t include fees associated with obtaining mortgage loans.

• July 6, 2017
• no comment
• realestatelife

The Institute for Supply Management’s nonmanufacturing index rose to 57.4% in June from 56.9% in May, topping the economist consensus for a reading of 56.5%.

• July 5, 2017
• no comment
• realestatelife

The Federal Reserve could trigger a long-awaited move to reduce its massive $4.5 trillion in debt holdings by September, a summary of the central bank’s last meeting suggest.

• July 5, 2017
• no comment
• realestatelife

Nationally, prices rose 6.6% compared to a year ago, according to a home price index released Wednesday from data provider Core Logic. Prices rose 1.2% from April to May, the company also said. While that’s helping current owners, “for renters and potential first-time home buyers, it is not such a pretty picture

• July 5, 2017
• no comment
• realestatelife

Nationally, prices rose 6.6% compared to a year ago, according to a home price index released Wednesday from data provider CoreLogic. Prices rose 1.2% from April to May, the company also said. While that’s helping current owners, “for renters and potential first-time homebuyers, it is not such a pretty picture.

• July 5, 2017
• no comment
• realestatelife

The Federal Reserve could trigger a long-awaited move to reduce its massive $4.5 trillion in debt holdings by September, a summary of the central bank’s last meeting suggest.

• July 3, 2017
• no comment
• realestatelife

June ISM Manufacturing 57.8 vs. estimates of 55.2. Treasury yields ticked lower, but market activity was muted overall, as the July 4th weekend left trading desks lightly staffed. The Securities Industry and Financial Markets Association recommends bond markets to close early at 2 PM Eastern on Monday.

• July 3, 2017
• no comment
• realestatelife

June ISM Manufacturing 57.8 vs. estimates of 55.2. Treasury yields ticked lower, but market activity was muted overall, as the July 4th weekend left trading desks lightly staffed. The Securities Industry and Financial Markets Association recommends bond markets to close early at 2 PM Eastern on Monday.

• June 30, 2017
• no comment
• realestatelife

Americans barely increased spending in May and choose to save more money instead even as decelerating inflation gave them more bang for the buck. Consumer spending rose 0.1% last month after back-to-back 0.4% gains in April and March, the Commerce Department reported Friday. That matched the Market watch forecast of economists.