Archive for the ‘Pace’ tag
The 72.73 Percent Probability For Morning Mortgage Rate Quotes
The pace at which mortgage rates change each day is quickening. This pie chart puts it in pictures. In the last 2 months, mortgage rates changed mid-day nearly 75 percent of the time. This means that an offered rate at 9:00 A.M. is likely expired by 4:00 P.M. (and has probably even spoiled by High…
Read the full post at http://www.themortgagereports.com
June All-Items PPI Soars 1.8%, Core Contained at 0.2%
The U.S. Labor Department’s seasonally-adjusted core measure
of producer price inflation grew at 0.2% month-over-month in
June, the same pace as the previous month, while the headline measure
moved up by 1.8%, four-tenths higher than consensus.
From a year ago, the core measure of producer price inflation was up
3.0%, two-tenths lower than expectations and the same pace as…
New Homes Sales Continue to Fall, Down 2.5% in May
After five months of declines in the pace of new home
sales, April’s uptick appears to have been temporary as new home
sales in the U.S. continued to fall back 2.5% down in May, declining to
512k, in line with expectations from economists.
This follows an upwardly revised reading of 525k in April.