Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Posts Tagged ‘ Applications Index ’
Housing Time Bomb Goes Tick Tock Tick Tock
A couple of data points reported today marked a tick and a tock on the housing market clock. The Mortgage Bankers Association Mortgage Applications Index release was weak but not explosive. The FHFA (Federal Housing Finance Agency) monthly data on home sale prices was up, but meaningless. The FHFA data is after the fact price...
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Housing Indicators Show Lower Seasonal Peak
Two housing market indicators released over the last two days suggest that the market is making a seasonal peak at a weaker level than last year, but that the rate of decline is slowing. Mortgage purchase applications have been slipping in June following a small decline in the week ended June 17. They remain...
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Post Governmentus Interruptus, Housing Market Sags- Professional Edition
The Mortgage Bankers’ Ass. is closed this week, hence there was no release of the Mortgage Applications Index, the best real time housing demand indicator. However, this week we do have the lagged data from the worst housing indicator in the world, Case Shiller, as well as the almost-as-stupid Pending Home Sales Index from...
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Cracked Economic Reports Not as Cracked Up To Be
Two key economic reports out today require closer scrutiny. Their positive readings may not be all that they appear to be on the surface. Both the MBAA’s Mortgage Applications Index and the weekly unemployment claims were reported as positives this morning. But just how good were they?
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Dead In The Water – Professional Edition Housing Update
This report updates the monthly Zillow housing data, and the weekly unemployment claims and mortgage applications index. The Zillow data for June shows the final effects of the April buying panic as the house purchase tax credit expired. Next month’s data should reflect the subsequent collapse that has been showing up in other indicators....
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Sour Housing Notes
The following is an excerpt from the Professional Edition Fed Report of December 23. It was also made available to Wall Street Examiner Economic Bulletins, a free email service, on December 24. You can subscribe via the form in the left sidebar. The Mortgage Bankers Association’s Mortgage Applications index announced Wednesday did a belly...
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Fed Forced to Act to Stop Housing Collapse – Professional Edition
The Mortgage Applications index dropped to its lowest point in 8 years at the end of October. As of the week ended November 21 it had barely budged off that level. The bailout of Fannie and Freddie last summer had the opposite effect of what was hoped for, as spreads on Fannie and Freddie...
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Fed Report Publication Note
The Fed Report will not be published today. There were no Treasury Auctions, no new Treasury Announcements, and no substantive changes in any of the other data tracked in the report except for the Mortgage Applications Index. That showed a steep drop to another 7 year low, below the lowest level recorded in 2001....
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Housing Market Update- Part One- Professional Edition
Due to the enormity of collecting and reporting all the data at one time, I’m trying something different this month. I will be posting the real estate update in sections as each is complete. We’ll start today with an update of the mortgage applications. That will be followed by a report in the demand...
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