Kevin Hawkins's (kevinhawkins) Blog

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Services for Real Estate Pros

ARCHIVED BLOG POSTS

2011 

Bond prices were helped by continued fears about European sovereign debt, disappointing economic data and strong auctions. The FNMA 4.0% bond we watch ended the week up .13, closing at $100.19. With mortgage bond prices going up, national average rates for conforming mortgages dropped again last ...
05/31/2011
On the positive side, the Mortgage Bankers Association reported applications for purchase loans UP a seasonally adjusted 1.5% from the week before and UP 3.1% from a year ago. Smart buyers are taking action now. With mortgage rates super low and today's prices, housing affordability in the fi...
05/31/2011
Stocks were down for the fourth week in a row. But investors know that, unlike football, fourth down on Wall Street is not your last chance to hold onto the ball. The fumbling, however, continues with the economy. The good and not-so-good housing market news is covered above. Durable Goods Orders...
05/31/2011
Today we'll get May's Chicago PMI, reflecting the state of manufacturing in that area, expected to be down a little, though still well above 50, indicating growth. Wednesday's ISM Index measures manufacturing across the country and should also show a slower pace of growth, though grow...
05/31/2011
Forecasting Federal Reserve policy changes in coming months...With Core PCE Prices still showing very mild inflation, the Fed can stay firm in its resolve to keep the Funds Rate at the super low 0%-0.25% level. Economists expect this to remain the case into 2012. Note: In the lower chart, a 1% pr...
05/31/2011
Economic Calendar for the Week of May 30 - June 3  Date Time (ET) Release For Consensus Prior Impact TuMay 31 09:45 Chicago PMI May 62.5 67.6 HIGH TuMay 31 10:00 Consumer Confidence May 66.3 65.4 Moderate WJun 1 10:00 ISM Index May 57.6 60.4 HIGH ThJun 2 08:30 Initial Unemployment Claims 5/28 413...
05/31/2011
People wonder if housing is moving in the right direction, especially after April Housing Starts fell 10.6% to an annual rate of 523,000 units. But a closer look reveals the decline was due mostly to multi-family units, which are volatile month to month and actually up 6.6% from a year ago. Also,...
05/23/2011
Bonds usually go in the opposite direction from stocks, but there were only modest gains in bond prices for the week. The FNMA 4.0% bond we watch ended Friday up .02, closing at $100.06. As mortgage bond prices go up, mortgage rates go down. So no surprise that national average rates for conformi...
05/23/2011
The Dow and S&P 500 stock indexes both slid for the third week in a row, this time joined by the Nasdaq, which was flat last time around. Wall Street investors continue to worry over European government finances, with possible Greek debt restructuring and Spanish elections causing concern. On...
05/23/2011
The minutes of the Fed's April meeting gave no indication the central bankers were ready to start tightening policy any time soon. So economists expect the 0%-0.25% rate to be with us into next year. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay th...
05/23/2011
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