Opinions Uncensored

Black Knight: Mortgage Delinquencies Declined in January

From Black Knight: Black Knight Financial Services’ First Look at January Mortgage Data: Impact of Rising Rates Felt as Prepayments Decline by 30 Percent in January• Prepayment speeds (historically a good indicator of refinance activity) declined by 30 percent in January to the lowest level...

Thursday: Unemployment Claims

Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 240 thousand initial claims, up from 239 thousand the previous week.• Also at 8:30 AM, Chicago Fed National Activity Index for January. This is a composite index of other data.• At...

A Few Comments on January Existing Home Sales

Earlier: NAR: "Existing-Home Sales Jump in January"A few key points:1) As usual, housing economist Tom Lawler's forecast was closer to the NAR report than the consensus.2) The contracts for most of the January existing home sales were entered after the recent increase in mortgage rates (rates...

AIA: Architecture Billings Index decreased in January

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Entering 2017, architecture billings slip modestlyThe Architecture Billings Index (ABI) dipped slightly into negative territory in January, after a very strong showing in December....

NAR: "Existing-Home Sales Jump in January"

From the NAR: Existing-Home Sales Jump in JanuaryExisting-home sales stepped out to a fast start in 2017, surpassing a recent cyclical high and increasing in January to the fastest pace in almost a decade, according to the National Association of Realtors®. All major regions except for the...

MBA: Mortgage Applications Decrease in Latest Weekly Survey

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly SurveyMortgage applications decreased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 17, 2017. ... The Refinance...