Don't expect the Treasury to take advantage of a flat yield curve

With the yield curve at its flattest in several years, some investors and analysts have suggested the Treasury Department should sell more longer-dated debt in the next three months of bond auctions to keep its borrowing costs down....(read more)

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The Fed is about to get more aggressive, and 'collateral damage' may ensue

Investors are getting more comfortable with the idea of four interest rate hikes this year, though it may not last long....(read more)

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Fannie Mae Announces Scheduled Release of First Quarter ...

News Release. Share This: April 30, 2018. Fannie Mae Announces Scheduled Release of First Quarter 2018 Financial Results ......(read more)

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CFPB announces May 10 and May 22 meetings of Consumer Advisory Board subcommittees

The CFPB has published a notice in the Federal Register announcing two public subcommittee meetings of its Consumer Advisory Board that will take place by conference call. The Mortgages and Small Business Lending subcommittee meeting will take place on May 10, 2018 from approximately 1:00 p.m. to 2:00 p.m. EST.  The Card, Payment, and Deposits... Continue Reading…...(read more)

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Fed Not Ready to Declare Mission Accomplished on Inflation

Fed Not Ready to Declare Mission Accomplished on Inflation ...(read more)

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Dallas Fed: "Growth in Texas Manufacturing Rebounds Strongly"

From the Dallas Fed: Growth in Texas Manufacturing Rebounds Strongly Texas factory activity rose markedly in April after posting slower growth in March, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, increased 11 points to 25.3. Other indexes of manufacturing activity also rose sharply in April. The new orders and growth rate of orders indexes jumped to their highest readings this year, 27.9 and 18.9, respectively. The capacity utilization index climbed eight points to 18.7, and the......(read more)

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10 most affordable places to live in the US

The South comes out on top....(read more)

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US annual inflation measures jump as consumer spending rises

U.S. consumer prices accelerated in the year to March, with a measure of underlying inflation surging to near the Federal Reserve's 2 percent target....(read more)

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U.S. treasury chief: 'Cautiously optimistic' on China trade talks

WASHINGTON (Reuters) - U.S. and Chinese officials will hold highly anticipated trade talks in China on Thursday and Friday, U.S. Treasury Secretary Steven Mnuchin told Fox Business Network, saying he was "cautiously optimistic" about the meeting....(read more)

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Fed faces new challenge: A world without labor 'slack'

WASHINGTON (Reuters) - Business is coming in so fast and workers are in such high demand at AOW Associates Inc, an Albany, New York-based construction firm, that its chief financial officer hired a guy six weeks ago for a job that didn't exist....(read more)

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Bond Fraud Prosecutors Rest Case After Just Days of Testimony - Bloomberg

Bloomberg Bond Fraud Prosecutors Rest Case After Just Days of Testimony Bloomberg After less than a week of trial, prosecutors rested their case against a former Cantor Fitzgerald LP trader accused of lying to his customers about bond prices. Lawyers for David Demos haven't yet said whether they intend to call witnesses in his ... and more »...(read more)

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Wall Street flat as earnings offset inflation jitters

NEW YORK (Reuters) - Wall Street closed nearly flat on Friday as inflation worries and struggling technology and energy stocks were offset by an advance in the consumer discretionary sector led by Amazon....(read more)

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David Rosenberg on why interest rates could help snuff out the equity rally

The full interview with David Rosenberg....(read more)

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Freddie Mac: Mortgage Serious Delinquency Rate Decreased in March

Freddie Mac reported that the Single-Family serious delinquency rate in March was 0.97%, down from 1.06% in February. Freddie's rate is up from 0.92% in March 2017. Freddie's serious delinquency rate peaked in February 2010 at 4.20%. These are mortgage loans that are "three monthly payments or more past due or in foreclosure".  Click on graph for larger image The recent increase in the delinquency rate was due to the hurricanes - no worries about the overall market (These are serious delinquencies, so it took three months late to be counted). After the hurricane bump, maybe the rate......(read more)

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Draghi's 'Moderation' Rears Its Head in French Slowdown

Bloomberg Draghi's 'Moderation' Rears Its Head in French Slowdown Bloomberg French economic growth cooled sharply in the first quarter, and while weather was a factor, the slowdown may heighten concerns about the broader outlook for the euro area. The figures from the currency region's second-largest economy kicked off a slew ... and more »...(read more)

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My Generation Is Never Going to Have That

In Seattle's red-hot housing market, a group of millennial techies is using data skills to alter the look, and affordability, of their adopted city....(read more)

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CFPB Finalizes Black Hole Fix under TRID Rule

The CFPB, which is now referring to itself as the "Bureau of Consumer Financial Protection," published the long-awaited final rule to address the so-called "black hole" issue under the TILA/RESPA Integrated Disclosure (TRID) rule.  The CFPB also issued an Executive Summary of the final rule.  The final rule will become effective 30 days after publication... Continue Reading…...(read more)

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Most Buyers Don't See Improvement in Housing Availability

The Housing Trends Report (HTR) is a new research product created by NAHB's Economics team to track prospective home buyers' perceptions about the availability and affordability of homes for-sale in their markets.  Results are based on national polls conducted by Morning Consult.  This is the second in a series of posts highlighting results for the first quarter of 2018.  See... Read More ›...(read more)

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The US economy grew at a better-than-expected 2.3% in the first quarter

The initial reading on first-quarter gross domestic product was expected to show a rise of 2.0 percent, compared with the previous quarter's 2.9 percent growth....(read more)

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Korean leaders aim for end of war, 'complete denuclearization' after historic summit

SEOUL (Reuters) - The leaders of North and South Korea embraced on Friday after pledging to work for the "complete denuclearization of the Korean peninsula", on a day of smiles and handshakes at the first inter-Korean summit in more than a decade....(read more)

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Marriott International Launches Homeshare Pilot Program

Marriott International Launches Homeshare Pilot Program...(read more)

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Freddie Mac Issues Monthly Volume Summary for March 2018

Freddie Mac Issues Monthly Volume Summary for March 2018...(read more)

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Bond Traders Decide Greed Is Better Than Fear

Bloomberg The Daily Prophet: Bond Traders Decide Greed Is Better Than Fear Bloomberg Too cheap to ignore. That was the mantra in the bond market on Thursday as traders tripped over themselves to get an opportunity to buy the $29 billion of seven-year notes being sold by the U.S. government. Yes, there are plenty of concerns that ......(read more)

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Zillow Case-Shiller Forecast: More Solid House Price Gains in March

The Case-Shiller house price indexes for February were released Tuesday. Zillow forecasts Case-Shiller a month early, and I like to check the Zillow forecasts since they have been pretty close. From Aaron Terrazas at Zillow: February Case-Shiller Results and March Forecast: Home Prices Pushed Higher by Inventory Crunch The kind of sustained, rapid home price growth we've been seeing in Case-Shiller and other indices for the past few years is enough to give home buyers of all stripes a headache. And don't expect things to slow down any time soon. ... The pain this rapid growth is......(read more)

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The Hottest Markets for U.S. Real Estate: Is California's Reign Over?

In April 2018, for the first time in years, California markets aren't dominating our monthly list of the hottest markets on realtor.com, or the No. 1 spot. The post The Hottest Markets for U.S. Real Estate: Is California’s Reign Over? appeared first on Real Estate News & Insights | realtor.com® ....(read more)

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Homeownership Rate Stable at 64%

According to the Census Bureau's Housing Vacancy Survey (HVS), the U.S. homeownership rate was 64.2% in the first quarter 2018, which is statistically no different from its last quarter reading. The rate of homeownership appears to be on a sustainable upward trend after reaching a cycle low of 62.9% in the second quarter of 2016. Compared to the peak of... Read More ›...(read more)

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No, Higher Rates Won't Kill 2018 Home Buying

Higher rates won't impact home buying as much as chatter suggests. Here are the stats. The post No, Higher Rates Won’t Kill 2018 Home Buying appeared first on The Basis Point ....(read more)

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Millennial homeownership suddenly drops after a good run

After falling to a 50-year low, the U.S. homeownership rate has been steadily rising, driven by millennials. That turned around in the first part of this year, likely due to weakening affordability....(read more)

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Mortgage Rates Climb to Highest Level in Over Four Years

Mortgage Rates Climb to Highest Level in Over Four Years...(read more)

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Kansas City Fed: Regional Manufacturing Activity "Expanded More Rapidly" in April

From the Kansas City Fed: Tenth District Manufacturing Activity Expanded More Rapidly The Federal Reserve Bank of Kansas City released the April Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed that Tenth District manufacturing activity expanded more rapidly in April, and optimism remained high for future activity. "Factory activity accelerated in April despite concerns among many firms about changes in international trade policy," said Wilkerson. "Price indexes also continued to rise." .........(read more)

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These are the 5 worst housing markets for millennials

Low supply and high demand are pushing prices higher everywhere, but the situation varies slightly city-to-city....(read more)

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HVS: Q1 2018 Homeownership and Vacancy Rates

The Census Bureau released the Residential Vacancies and Homeownership report for Q1 2018. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates.  However, there are serious questions about the accuracy of this survey. This survey might show the trend, but I wouldn't rely on the absolute numbers.  The Census Bureau is investigating the differences between the HVS, ACS and decennial Census, and analysts probably shouldn't use the HVS to estimate the excess vacant......(read more)

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US durable goods orders rise 2.6% in March

U.S. durable goods orders were expected to rise by 1.6 percent in March, after jumping 3.0 percent a month earlier....(read more)

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Mark Your Calendars: The Best Day and Month for Bargain Hunters to Buy a Home

It's not just the size and the location that can drive up prices. Home buyers should be aware there are certain days and months when prices are the highest.     The post Mark Your Calendars: The Best Day and Month for Bargain Hunters to Buy a Home appeared first on Real Estate News & Insights | realtor.com® ....(read more)

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European Central Bank holds rates steady

The European Central Bank (ECB) held interest rates steady on Thursday, as investors eagerly awaited any further guidance over the bank's monetary stimulus program....(read more)

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Stocks Still Trail Real Estate as Preferred Investment

Americans' views of the best long-term investment are in a holding pattern, with real estate ranking first, stocks second and gold a distant third....(read more)

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Selling a Home in May? These Cities Command a Premium

Bloomberg Selling a Home in May? These Cities Command a Premium Bloomberg Timing is everything when it comes to the housing market. There are key contributing factors such as the economy and the business cycle. There is the psyche of buyers -- where everything from the job market to interest rates to weather can play a role ......(read more)

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US weekly jobless claims total 209,000, vs 230,000 expected

First-time claims for state unemployment benefits were expected to total 230,000, compared with the 232,000 claims reported for the previous week. Get the market reaction here.. Please check back for updates.....(read more)

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The Era of Very Low Inflation and Interest Rates May Be Near an End

Moves in global bond markets over the last few months suggest changing expectations about prices....(read more)

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Improving HUD's Rental Assistance Program

The Housing and Insurance Subcommittee met today to review the Department of Housing and Urban Development's (HUD) role in rental assistance and a legislative proposal that would adjust rent costs for families in assisted housing. The "Promoting Resident Opportunity through Rent Reform Act," which will be sponsored by Congressman Dennis Ross, would reform the approach and flexibility to provided localities in setting and calculating the amount families living in public and federally assisted housing contribute toward rent. "Today's hearing was an important step in our efforts to reform......(read more)

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HUD Unveils Plan To Increase Rent On Millions Receiving Federal Housing Assistance

Under HUD Secretary Ben Carson's proposal, some of the poorest families will see their rents triple. About 712,000 households would see rents jump to $150 per month under the proposal....(read more)

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LendingClub plunges after FTC charges the online lender of 'deceiving customers'

LendingClub, a pioneer in online marketplace lending, is facing yet another challenge, this time from the FTC....(read more)

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NMHC: Apartment Market Tightness Index remained negative for Tenth Consecutive Quarter

From the National Multifamily Housing Council (NMHC): April NMHC Quarterly Survey Shows Greater Supply Improving Affordability Apartment market conditions were uneven, according to results from the April National Multifamily Housing Council's (NMHC) Quarterly Survey of Apartment Market Conditions. The Market Tightness (38), Sales Volume (43) and Debt Financing (36) Indexes landed below the breakeven level of 50, while the Equity Financing Index decreased to 54. "Apartment markets continue to send mixed signals," said NMHC Chief Economist Mark Obrinsky. " While respondents indicated more......(read more)

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Two-Thirds of Americans Say They Would Likely Move If It Wasn't Such a Hassle

AUSTIN, Texas, April 25, 2018 /PRNewswire/ -- The month of May marks the official start of moving season, the timeframe between Memorial Day and Labor Day when many Americans make the decision to pack their belongings and move to a new home. SpareFoot, the world's largest online......(read more)

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Philly Fed: State Coincident Indexes increased in 47 states in March

From the Philly Fed : The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for March 2018. Over the past three months, the indexes increased in 49 states and decreased in one, for a three-month diffusion index of 96. In the past month, the indexes increased in 47 states , decreased in one, and remained stable in two, for a one-month diffusion index of 92. emphasis added Note: These are coincident indexes constructed from state employment data. An explanation from the Philly Fed: The coincident indexes combine four state-level indicators to summarize......(read more)

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Everyone's watching the 10-year yield, but this is the real rate that matters

While the 10-year Treasury note is garnering all the headlines, investors might be better off watching much shorter duration debt to figure out what's really happening in the markets. The 2-year note rose above 2.5 percent Wednesday, a level it last saw in July 2008, just two months before the financial crisis imploded with the collapse of Lehman Brothers....(read more)

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Chemical Activity Barometer "Eases" in April

Note: This appears to be a leading indicator for industrial production. From the American Chemistry Council: Chemical Activity Barometer Eases Following Six Consecutive Monthly Gains; Trends Suggest Growth into Early 2019 The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), slipped 0.1 percent in April to 121.6 percent on a three-month moving average (3MMA) basis . This follows six consecutive monthly gains and a dip from the barometer's highest point since modeling began. The barometer remains up 3.8 percent on a 3MMA compared......(read more)

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Can't Blame 3% Bond Yield for This Stock Rout

Bloomberg The Daily Prophet: Can't Blame 3% Bond Yield for This Stock Rout Bloomberg There's been a lot of handwringing lately over what would happen to stocks once benchmark 10-year Treasury note yields reached 3 percent. Well, yields breached that level on Tuesday for the first time since January 2014, but that wasn't really why the ... and more »...(read more)

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Stock futures slip as U.S. yield holds above 3 percent

(Reuters) - U.S. equity futures pointed to a fifth day of losses for the main indexes on Wednesday, spooked by a rise in bond yields and nerves ahead of earnings from scandal-hit Facebook....(read more)

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It's clear the market is telling us there is a problem up ahead

It's clear there is some kind of problem ahead, whether its peak economic growth, peak profits, a looming trade war, political upheaval at home or a geopolitical event abroad....(read more)

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