Key Economic Indicators Released in October 2017 that Affect the Mortgage Industry
Key economic Indicators Released in October 2017 that Affect the Mortgage Industry It’s nearing the end of 2017 and Mortgage Professionals are thinking about next year. The Mortgage Bankers Association is forecasting 2018 Total Mortgage Originations to be $1.60 Trillion, with purchase volume increasing 7.3% to $1.2T and refi volume decreasing 28% to $430 B. That’s […]
Key Mortgage Economic Indicators and Data Released in September 2017
September 2017 Key Economic Indicators Important to Mortgage Professionals Mark Paoletti, MPaoletti@MortgageElements.com The 2017 Hurricane season has been one of the worst on record and it’s not over. October still has the potential to generate more storms. Besides the Hurricanes, a lot news hit during September: more proposed changes to the tax code, typical North Korean shenanigans, […]
Key Economic Indicators, Data, and Events that Affect the Mortgage Industry September 2017
Key Economic Indicators, Data, and Events Released in August 2017 that Affect the Mortgage Industry August is considered the “Dog Days of Summer,” but this August was very eventful. Hurricane Harvey devastated Houston, major changes to the Federal Tax Code were proposed, gasoline prices jumped, the DOW hit another record high, North Korea continued its […]
Mortgage Economic Review August 2017
Key Economic Indicators, Data, and Events that Affect the Mortgage Industry for August 2017 It’s August and kids will be going back to school soon. Speaking of going back – are we back to 2006 with “Asset Inflation” creating another bubble in Real Estate? Real Estate and stock prices have been on an upward trajectory for […]
Economic Indicators, Data, and Events that Affect the Mortgage Industry July 2017
Economic Commentary and Calendar July 2017 It’s July and we are officially in the lazy days of summer. According to the latest Economic Indicators, inflation and wages have been increasing about 2.0% to 2.5% a year since 2013. However, home prices have been rising 6.0% per year in that same time frame. Home prices can’t […]
Economic Commentary and Calendar June 2017
June Commentary Recapping the Key Economic Indicators, Data, and Events in May 2017 that Affect the Mortgage Industry Memorial Day was Monday marking the beginning of Summer. Along with warmer temps and brighter days, the Economy also looks bright according to the latest Economic Indicators. According to the latest Economic Indicators and Data, Homes are […]
Economic Commentary and Calendar for May 2017
Economic Indicators and Events Affecting the Mortgage Industry May is getting off to a hectic start with news dominated by Trump’s new tax plan, geopolitical tensions, and an FOMC Meeting that starts today. The good news is that it’s getting warmer and Memorial Day is just around the corner. Soon we’ll be in the lazy […]
Economic Commentary and Calendar for April 2017
Economic Commentary and Calendar for April 2017 It’s April, Spring is here, Baseball is starting, and the weather is getting warmer. What else is warming up? The Economy and Housing. But the Fed doesn’t want it to get too hot – so, as everyone expected, they raised interest rates 1/4% citing “improving economic conditions”. Housing […]
Economic Commentary and Calendar for March 2017
“March – In Like a Lion and Out like a Lamb” – I’ve been hearing that expression all my life. March usually starts off with ferocious winter weather but ends with mild spring like conditions. March 1st is usually a happy day because it signals that the end of winter is near. In 12 days […]
Economic Commentary and Calendar for February 2017
The New Year usually gets off to a slow start but this year is already in full swing. If recent events are any indication – 2017 is going to be a VERY interesting year. With the media and news outlets being dominated by what’s happening in Washington DC, it’s easy to forget that the Fed […]