First look at Q1 GDP forecast

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CNBC's Steve Liesman dives into the details of the latest economic indicators, including Q4 GDP tracking and Q1 GDP forecast.

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First look at Q1 GDP forecast
First look at Q1 GDP forecast

Dollar could see its longest yearly win streak since 1984

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CNBC's Jackie DeAngelis and the "Futures Now" traders discuss the trade in the U.S. dollar and whether we'll see another annual gain for the greenback.

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Dollar could see its longest yearly win streak since 1984
Dollar could see its longest yearly win streak since 1984

Rates Close to Capping Calmest Week in Years

Posted To: Mortgage Rate Watch

Mortgage rates did nothing today. They did less than nothing . This week is already easily on track to be the calmest since the election. And if tomorrow is similarly lifeless, it will be one of the calmest weeks ever. Oftentimes, I’ll note that it’s the AVERAGE effective rate that’s “unchanged.” Indeed, it’s quite uncommon for almost every single rate sheet in our ongoing study to be the same as the previous day. But that’s exactly what happened today. In fact, this week’s rate sheets have seen less change overall than any other week this year. This is to-be-expected, to some extent, due to seasonal considerations. The fact that underlying bond markets have been holding steadier than normal accounts for the extra stability in mortgage rate sheets. Stability may be worth something, but it’s…(read more)

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Rates Close to Capping Calmest Week in Years
Rates Close to Capping Calmest Week in Years

2016 Best Year in a Decade for Housing; 2017 is a Wild Card

Posted To: MND NewsWire

This year, with less than two weeks left to go, is shaping up to be the best year for housing in a decade according to Freddie Mac’s Economic & Housing Research Group. Their year-end wrap up and forecast however, sees a more mixed picture for 2017. This year saw home sales through November at the highest level since 2007 and construction, as measured by housing starts, were at the fastest pace since 2008. Home prices finally erased all of the losses experienced during the downturn. Economic growth appears to be accelerating in the latter half of 2016 and the labor market remains at full employment, but rising interest rates threaten to slow and possibly turn back housing’s momentum. The group restates its belief expressed in November that housing will stall a bit in 2017 as higher rates…(read more)

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2016 Best Year in a Decade for Housing; 2017 is a Wild Card
2016 Best Year in a Decade for Housing; 2017 is a Wild Card

Personal spending up 0.2% (November)

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CNBC's Rick Santelli reports the latest read on personal income and spending in November.

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Personal spending up 0.2% (November)
Personal spending up 0.2% (November)

Decline in Cash Sales May be Leveling Off

Posted To: MND NewsWire

The share of cash sales appears to be holding fairly steady , even as investors pull back from the residential market (NAR put the investor share of sales at 12 percent in November) and sales of owned real estate (REO) and short sales decrease to low single-digit levels. CoreLogic reports that the share of home sale transactions that were all cash in September was 31.7 percent . This is only a 1.3 percentage point decrease from September 2015 and, at that rate of decline, CoreLogic now estimates the cash share will return to the pre-crash average rate of 25 percent by mid-2019. Cash sales peaked in January 2011 at 46.6 percent. Only 4.7 percent of home sales were from REO inventories in September, but 59.4 percent of those sales were all cash. Sales of existing homes (resales) had a 31.7 percent…(read more)

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Decline in Cash Sales May be Leveling Off
Decline in Cash Sales May be Leveling Off

FHFA Home Price Index Slows

Posted To: MND NewsWire

Price increases moderated slightly in October according to the Federal Housing Finance Agency’s (FHFA’s) Housing Price Index (HPI). The national index, which had recorded a 0.6 percent monthly gain in September, was up another 0.4 percent in the current reading. The price report was slightly lower than analysts were expecting. Those polled by Econoday were looking for an increase of 0.5 to 0.6 percent with a consensus around the lower number. The HPI increased by 6.0 percent from October 2015 . This also was a slight easing of the year-over-year pace reported for September of 6.1 percent. FHFA constructs its index from loans sold to or guaranteed by the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The nine census regions posted monthly changes ranging from an 0.6 percent…(read more)

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FHFA Home Price Index Slows
FHFA Home Price Index Slows

Ellie Mae: Heavy Refi Volume Pushed Out November Closing Times

Posted To: MND NewsWire

Refinancing originations remained unchanged at 47 percent of all closed loans in November, not yet reflecting the sharp increase in interest rates that occurred after the November 8 election. The share of originations by loan type remained precisely where they were in October with conventional loans garnering a 68 percent share, FHA loans 20 percent, and VA originations 9 percent. However, Ellie Mae’s Origination Insight Report for the month pointed to slight changes in refinancing shares with those for FHA and conventional loans each increasing one percentage point to 22 percent and 58 percent respectively and VA refinancings down one point to 30 percent. The average time to close a loan increased by one day overall and for both refinancing and purchase loans. The average for all loans was…(read more)

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Ellie Mae: Heavy Refi Volume Pushed Out November Closing Times
Ellie Mae: Heavy Refi Volume Pushed Out November Closing Times

Q3 GDP up 3.5% (ann. rate), jobless claims up 21K to 275,000

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CNBC's Rick Santelli breaks down the latest numbers on real GDP, unemployment, durable good.

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Q3 GDP up 3.5% (ann. rate), jobless claims up 21K to 275,000
Q3 GDP up 3.5% (ann. rate), jobless claims up 21K to 275,000

Banks Buying Non-Banks; Lehman vs Loandepot and iMortgage

Posted To: Pipeline Press

“Hospitality is the art of making guests feel like they’re at home when you wish they were.” (Read that again – it’s pretty clever.) Millions of white and non-white people call the United States home, and the U.S. Census Bureau released the country’s top 1,000 surnames by race and Hispanic origin and those that occurred 100 or more times in the 2010 Census . The graphics show the top 15 most popular surnames and those with the largest increase and rank . Additionally, the Random Samplings blog discusses trends gathered from the tabulations. Visit the Census Bureau’s Genealogy page to see frequently occurring surnames from previous censuses. Our tax money at work, hiring computer programmers and actuarials to figure this all out! We have some news from the continuing…(read more)

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Banks Buying Non-Banks; Lehman vs Loandepot and iMortgage
Banks Buying Non-Banks; Lehman vs Loandepot and iMortgage