CCL Market Update: Mortgage Applications, Industrial Production, Housing Market Index, Beige Book, Housing Starts, Phil. Fed Business Outlook

Mortgage Applications

Despite interest rates being at their highest point in ten months, both home buyers and refinancing homeowners in the week of January 12th, rose from the week prior. Purchase applications rose by 3 percent and applications for refinancing increased by 4 percent both on a seasonally adjusted basis. Unadjusted, the purchase index rose 35 […]

By |January 22nd, 2018|CCL Market Updates|0 Comments

CCL Market Update: PPI, Retail Sales, PMI

Product Price Index (PPI)

The PPI represents a number of indexes that measure the average change over time in the prices domestic producers must pay for goods and service. It measures price change from the perspective of the seller. The headline PPI measures price changes for goods, services, and construction sold to final demand. Consumer inflation […]

By |January 15th, 2018|CCL Market Updates|0 Comments

CCL Market Update: Manufacturing, Employment, Construction, Mortgage Applications, FOMC Minutes

Manufacturing

The manufacturing sector of the economy appears to be a huge positive in the fourth quarter of 2017. The two manufacturing index reports issued this week include PMI Manufacturing index and ISM Manufacturing Index; they both show strength and growth in new orders. The PMI, at 55.1 for a 1.2-point increase from November, was also […]

By |January 9th, 2018|CCL Market Updates|0 Comments

CCL Market Update: S&P Case-Shiller HPI, Consumer Confidence, Pending Home Sales Index, Jobless Claims

S&P Case-Shiller HPI

One of the biggest stories of the 2017 economy was home prices reflected in the S&P Case-Shiller data where October’s seasonally adjusted gain for the 20-city index is a sharp 0.7 percent. For a second month in a row, all 20 cities followed by this report, show monthly gains. Adding to this strength […]

By |January 8th, 2018|CCL Market Updates|0 Comments

CCL Market Update: Housing Market Index, Housing Starts, Mortgage Applications, Existing Home Sales, GDP, Jobless Claims, FHFA House Price Index, Personal Income & Outlays, New Home Sales, Consumer Sentiment

Housing Market Index

New home sales began to surge in the month of September, they are now giving a significant lift to home builder sentiment as the housing market index rose a very sharp 5 points to new expansion high of 74. The traffic component of the index was the standout in the December report; it […]

By |December 25th, 2017|Uncategorized|0 Comments

CCL Market Update: JOLTS, Mortgage Applications, Consumer Price Index, FOMC Meeting, Fed Chair Press Conference, Jobless Claims

JOLTS   

Job openings fell back and hirings picked up to narrow a gap that is still large and pointing to unusually tight conditions in the labor market. Openings in October fell 2 percent in October to a level of 5.996 million while hires rose 4.4 percent to 5.552 million. Openings vs. hires was at a […]

By |December 18th, 2017|CCL Market Updates|0 Comments

CCL Market Update: Mortgage Applications, Jobless Claims, Employment Situation, Consumer Sentiment

Mortgage Applications

Purchase applications for home mortgages rose by a seasonally adjusted 2 percent in the week of December 1st, while applications for refinancing increased by 9 percent. Without seasonal and prior week’s holiday adjustments the purchase index increased by 38 percent and was 8 percent higher than in the same week a year ago. The […]

By |December 11th, 2017|CCL Market Updates|0 Comments

CCL Market Update: New Home Sales, US ECI, FHFA House Price Index, S&P CoreLogic Case-Shiller HPI, Consumer Confidence, Mortgage Applications, Janet Yellen, GDP, Pending Home Sales, Beige Book, Jobless Claims, Personal Income & Outlays, Construction Spending

New Home Sales

New home sales have suddenly increased far surpassing the highest estimate for the second month in a row. New sales are up 6.2 percent in October to a 685,000 annualize rate and new expansion high. The downward revision to September is limited holding at an unusual gain of 14.2 percent to a 645,000 […]

By |December 4th, 2017|CCL Market Updates|0 Comments

FHFA Announces New Maximum Conforming Loan Limits for 2018

The Federal Housing Finance Agency (FHFA) announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018. In most of the U.S., the 2018 maximum conforming loan limit for one-unit properties will be $453,100, an increase from $424,100 in 2017.

Baseline Limit

The Housing and Economic Recovery Act (HERA) […]

By |November 29th, 2017|Loan Program News|0 Comments

CCL Market Update: Mortgage Applications, Jobless Claims, Housing Market Index, Housing Starts, Tax Reform Bill

Mortgage Applications

Purchase applications for home mortgages rose a seasonally adjusted 0.4 percent in the week of November 10th, a marginal increase that put the purchase index a sharp 17 percent above its year ago level. Applications for refinancing rose 6.0 percent in the week, taking the refinancing share of mortgage activity to 51.3 percent, […]

By |November 20th, 2017|Uncategorized|0 Comments