Treasury-Mortgage Spread Significantly Narrows in October

In October 2020, the spread between the 10-year Treasury yield and the 30-year fixed-rate mortgage rate, as measured by Freddie Mac's Primary Mortgage Market Survey (PMMS), significantly narrowed as Treasury rates were pushed upward in anticipation of a vaccine breakthrough and a rebound in the labor market and as mortgage rates remained low. At the beginning of October, the 10-year... Read More › The post Treasury-Mortgage Spread Significantly Narrows in October first appeared on Eye On Housing ....(read more)

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Small Business Optimism Unchanged in October

Most of this survey is noise, but sometimes there is some information, especially on the labor market. From the National Federation of Independent Business (NFIB): May 2020 Report The NFIB Optimism Index remained at 104.0 in October, unchanged from September and a historically high reading. . As reported in NFIB's monthly jobs report, small business owners are looking to hire, reporting a historically high level of job openings in October. Overall, 55% of owners reported hiring or trying to hire in October, down 1 point from September. Thirty-three percent (seasonally adjusted) of all owners......(read more)

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The Covid pandemic is worse than 2008 crisis for a majority of Americans, study says

A majority of U.S. adults say the Covid-19 economy is worse than the 2008 Great Recession, according to a Edelman Financial Engines 2020 Financial Insights study....(read more)

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U.S. still faces possible default wave, asset declines due to pandemic: Fed

WASHINGTON (Reuters) - The U.S. may still face a wave of debt defaults and "significant declines" in asset prices because of the coronavirus pandemic and recession, the Federal Reserve warned on Monday in a stark reminder that the economy, while recovering, is far from out of the woods....(read more)

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What a Biden Administration Will Mean for Housing-Finance Reform

The Trump administration has pursued the recapitalization of Fannie Mae and Freddie Mac, but a Biden administration will likely have different goals. The post What a Biden Administration Will Mean for Housing-Finance Reform appeared first on Real Estate News & Insights | realtor.com® ....(read more)

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Vaccine news unleashes new momentum in stock market as hunkered-down investors flee cash - CNBC

Vaccine news unleashes new momentum in stock market as hunkered-down investors flee cash    CNBC...(read more)

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Leading Index for Commercial Real Estate Decreased in October

From Dodge Data Analytics: Dodge Momentum Index Loses Ground in June The Dodge Momentum Index fell 1.8% in October to 127.5 (2000=100) from the revised September reading of 129.8. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The commercial component of the Momentum Index lost 4.4% over the month, but the institutional component gained 3.3%. The Momentum Index has struggled to......(read more)

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