Review of Key Economic Data Released in June 2018 that affects the Mortgage Industry June was a busy month for Economic News – the US NOKO Summit, FOMC Meeting with an interest rate increase, strong gains in the labor market, mixed housing market data, lower GDP estimates, and new tariffs on Chinese goods. Trade,
Economic Data and Indicators Every Mortgage Professional Should Follow – May 2018 I am always amazed at how events thousands of miles away can effect the Mortgage Business here at home. If you haven’t heard the term “Ita-leave” yet, you soon will. Just like “Brexit” means “Britain exiting” the EU, “Ita-leave” means “Italy leaving” the
Key Economic Data Mortgage Professionals Need to Know from April 2018 To view or download the May 2018 Economic Calendar click here. This newsletter is geared to Mortgage Professionals, so the information is concentrated on the Key Economic Data that has the most impact on the Mortgage Business. However, the dynamics of oil in the
Economic Data, Indicators, and Events from March 2018 that Affect the Mortgage Business Beware the Ides of March – an Interest Rate Hike and a Trade War all in the same month? What implications does a Trade War have for the Mortgage Business? Higher prices on imported steel and aluminum will raise costs on
Review of Key Economic Data released in February 2018 that is important to the Mortgage Industry. For being a cold dreary month, February had a lot happening: Stock Market volatility, the Olympics, a new Fed Chairman, the changing value of the American dollar. Mortgage People don’t typically watch currency fluctuation because our business is focused
Review of Key Economic Data from January 2018 for Mortgage Professionals. January usually gets off to a slow start as people recover from the Holidays, but there was a lot going on last month that affects the Mortgage Business. The Government shutdown lasted only a couple days because Congress was able to hammer out a
Brief Review of Key Economic Indicators that Affect the Mortgage Industry released in December 2017 2018 starts off with healthy stock, labor, and housing markets….and a new tax bill. Speaking of the markets, let’s look at some rough numbers from 2017. Home prices increased slightly over 6.0% last year, but everything else only increased
Brief Review of Key Economic Data Released in November 2017 that Affect the Mortgage Industry. 2017 is rapidly coming to a close, but there was a lot of good news in November for the Mortgage Industry. There are major changes are coming to the CFPB and Federal Reserve. Black Friday and Cyber Monday sales
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
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,