Wednesday;
7:00 am weekly MBA mortgage applications
1:00 pm $21B 10 yr note auction
2:00 pm Fed’s Beige Book released
3:00 pm July consumer credit (-$5.25B)
Thursday;
8:30 am weekly jobless claims (-2K to 470K; con’t claims 4.445 mil frm 4.456 mil)
July US Trade Balance (-$47.2B)
1:00 pm $13B 30 yr bond auction
Friday;
10:00 am July wholesale inventories (+0.4%)
This Week’s Economic Calendar;
Tuesday;
8:30 am Q2 productivity (+0.1%)
Q2 unit labor costs (+1.4%)
10:00 June wholesale inventories (+0.4%)
1:00 pm $34B 3 yr note auction
2:15 pm FOMC policy statement
Wednesday;
7:00 am MBA mortgage applications
8:30 am June trade deficit (-$42.5B)
1:00 pm $24B 10 yr note auction
2:00 pm July Treasury budget deficit (-$169B)
Thursday;
8:30 am weekly jobless claims (-14K to 465K)
1:00 pm $16B 30 yr bond auction
Friday;
8:30 am July retail sales (+0.5%; ex auto sales +0.2%)
July CPI (+0.2%; ex food and energy +0.1%)
9:55 am U. of Michigan consumer sentiment index (70.0 frm 67.8)
10:00 am June business inventories (+0.2%)
Tuesday;
8:30 July personal income and spending (income +0.1%, spending unch)
10:00 June factory orders (-0.5%)
June pending home sales -5.0%
2:00 July auto and truck sales
Wednesday;
7:00 weekly MBA mortgage applications
8:15 ADP July private jobs estimate (+25K)
10:00 ISM Services sector index (53.0 frm 53.8 in June)
Thursday;
8:30 weekly jobless claims (-2K to 455K, continuing claims 4.530 mil frm 4.565 mil)
Friday;
8:30 July employment from BLS ( non-farm jobs -70K; private jobs +100K)
July unemployment rate (9.6% frm 9.5%)
3:00 June Consumer Credit (-$5.7B)
Tuesday;
9:00 am Case/Shiller Home price index (+4.0% in May)
10:00 am July consumer confidence index (51.0 frm 52.9 in June)
1:00 pm $38B 2 yr note auction
Wednesday;
7:00 am Weekly MBA mortgage applications data
8:30 am June durable goods orders (+1.0%, ex transportation +0.5%
1:00 pm $37B 5 yr note auction
2:00 pm Fed Beige Book economic report
Thursday;
8:30 am weekly jobless claims (-4K to 460K; continuing claims 4.55 mil frm 4.49 mil)
1:00 $29B 7 yr note auction
Friday;
8:30 am Q2 advance GDP (+2.5% frm +2.7% in Q1)
8:30 Q2 employment cost index (+0.4%)
9:45 am July Chicago Purchasing Mgrs index (56.0 frm 59.1 in June)
9:55 am U. of Michigan consumer sentiment index (67.0 frm 66.5)
This Week’s Economic Calendar:
Tuesday;
9:00 am Case/Shiller 20 city home price index (+2.9%)
10:00 am Consumer confidence index (58.5 frm 57.9 in Apr)
FHFA housing price index (N/A)
1:00 $42B 2 yr note auction
Wednesday;
8:30 am Apr durable goods orders (+1.4%; ex transportation orders +0.6%)
10:00 am Apr new home sales (+4.3% to 425K annualized)
1:00 pm $40B 5 yr note auction
Thursday;
8:30 am weekly jobless claims (-16K to 455K)
Q1 prelim GDP (+3.3% frm +3.2% on the advance report a month ago)
1:00 pm $31B 7 yr note auction
Friday;
8:30 am Apr personal income and spending (income +0.4%, spending +0.3%)
9:45 am May Chicago purchasing mgrs index (60.0 frm 63.8)
9:55 am U. of Michigan consumer sentiment index (73.2 frm 73.3)
2:00 pm Early Close in bonds and mortgages (Memorial Day on Monday)
This week’s Economic Calendar:
Tuesday;
8:30 am April housing starts (+4.5% to 656K units)
April building permits (unch at 680K units)
April Producer price index (+0.1%, ex food and energy +0.1%)
Wednesday;
7:00 am Weekly MBA mortgage applications
8:30 am April consumer price index (+0.1%, ex food and energy unch)
2:00 pm FOMC minutes of 4/28-29 meeting
Thursday;
8:30 weekly jobless claims (-4K to 440K; continuing claims -27K)
10:00 May Philadelphia Fed business index (21.3 frm 20.2)
Apr leading economic indicators (+0.2%)
Friday;
No economic data
Fannie Mae is introducing two new resources on HomePath.com for homebuyers and real estate professionals — the HomePath Buyers Guide and podcast series.
HomePath Buyers Guide
The easy-to-understand guide was developed as a part of our efforts to help home buyers interested in Fannie Mae properties navigate the process of purchasing a home. Information in this guide includes: basic home-buying and HomePath financing information, frequently asked questions about the sales process, a new home buyer checklist, and much more.
HomePath Podcast Series
The podcast series addresses many new and changing topics relating to Fannie Mae and the real estate industry. Topics covered in the first three episodes of this ongoing series include: Fannie Mae 101, HomePath 101, and HomePath financing. You may listen to the episodes on your computer by downloading the files from HomePath.com, or subscribe to the series via iTunes.
This Week’s Economic Calendar:
Tuesday;
10:00 am Mar wholesale inventories (+0.5%)
1:00 pm $38B 3 yr note auction
Wednesday;
7:00 am weekly MBA mortgage applications
8:30 am March US trade balance (-$40.0B)
1:00 pm $24B 10 yr note auction
2:00 pm March Treasury budget (-$20.0B)
Thursday;
8:30 am weekly jobless claims (-4K to 440K, con’t claims 4.59 mil frm 4.594 mil)
1:00 pm $16B 30 yr bond auction
Friday;
8:30 am Apr retail sales (+0.2%; ex autos +0.5%)
9:15 am Apr industrial production (+0.6%)
Apr capacity utilization (73.8% frm 73.2%)
9:55 am U. of Michigan consumer sentiment index (73.5 frm 72.2 at the end of Apr)
10:00 Mar business inventories (+0.4%)
Fannie Mae has introduced a new tool to help buyers identify properties that are within the First Look marketing period on HomePath.com — the First Look timer. Fannie Mae’s First Look is designed to provide owner occupants and buyers using public funds a “first look” at Fannie Mae homes. During the First Look marketing period — typically the first 15 days a property is listed on HomePath.com — only offers from owner occupants or buyers using public funds are considered.
Property listings that are eligible for the program will include a First Look logo and a timer that indicates the number of days remaining in the First Look marketing period. As of May 3, the First Look timeframe will no longer be tracked according to the MLS (multiple listing service) listing date. All offers and negotiations should be based on the “days left in First Look” as provided in the property details.
The First Look program reinforces Fannie Mae’s commitment to providing neighborhood stabilization across the nation. For more information, visit HomePath.com or contact a Fannie Mae listing broker.
Fed pledges to keep rates low for extended period of time.
Mortgage News
Canadian Dollar Exchange Rate