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Week 46 -2022 | From Nov. 14 to Nov. 18, 2022 |
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| Week 46 -2022 | From Nov. 14 to Nov. 18, 2022 |
10-Year Treasury Yield
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Retail Sales The market needs weak retail sales data to stay strong
Empire State Mfg Index
A barometer of manufacturing activity in New York state rebounded more than expected this month as shipments picked up and factory employment continued to grow steadily, the New York Federal Reserve said on Tuesday. The regional Fed's "Empire State" index on current business conditions rose to a reading of 4.5 in November - the highest since July - from negative 9.1 in October. That exceeded the median estimate of economists polled by Reuters for a reading of negative 5 and topped all 29 forecasts in the poll. A reading above zero signals the New York manufacturing sector is expanding.
Title 3
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Title 4
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Title 5
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Title 6
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Title 7
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MBA Purchase Applications
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Title 8
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Title 9
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Title 10
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Title 11
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Jobless Claims
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Title 12
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Title 13
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Title 14
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Title 15
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Existing Home Sales
Home sales declined for the ninth straight month in October, as higher interest rates and surging inflation kept buyers on the sidelines. Sales of previously owned homes dropped 5.9% from September to October, according to the National Association of Realtors. That is the slowest pace since December 2011, with the exception of a very brief drop at the beginning of the Covid-19 pandemic. The October reading put sales at a seasonally adjusted, annualized pace of 4.43 million units. Sales were 28.4% lower year over year. Even as sales slow, supply is still stubbornly low. There were 1.22 million homes for sale at the end of October, an decrease of just under 1% both month to month and year over year. That’s a 3.3-month supply at the current sales pace. Historically, a balanced market is considered to be a six-month supply. The median price of an existing home sold in October was $379,100, an increase of 6.6% from the year before. The price gains, however, are shrinking, as the seasonal drop in home prices this time of year appears to be much deeper than usual.
Fixed Mortgage Rates
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