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Interest Rate Roundup

Daily analysis of trends in interest rates, financial stocks, the economy, the housing market, and more. Disclaimer: The comments herein reflect personal opinions about the markets. Under no circumstances does this information represent a recommendation to buy or sell securities.
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NAHB index climbs to 19 in September

Sep 16, 2009
The National Association of Home Builders released its latest batch of data on housing market conditions this afternoon ... * The overall index rose to 19 in September from 18 in August. That matched the average forecast of economists polled by Bloo...

July housing starts, permits dip

Aug 18, 2009
We just got the latest data on home construction. Here's a recap of what they showed: Overall housing starts dipped to 581,000 in July from 587,000 in June. That 1% decline left starts running a bit below the average forecast of economists

Beige Book shows broad economic stability. Nothing more. Nothing less.

Dec 2, 2009
The latest Beige Book report on the state of the economy was just released by the Fed. The summary suggests we're seeing more stability and/or gradual improvement in the economy: "Reports from the twelve Federal Reserve Districts indicate that...

Pending home sales rise again in October

Dec 1, 2009
The National Association of Realtors just released data on pending home sales for October. A recap: * Pending home sales rose 3.7%. That was much better than the 1% decline that economists were expecting. * On a year-over-year basis, the pending...

New home sales jump 6.2% in October

Nov 25, 2009
We just got a look at how the new home market fared in October. Here's a recap: * New home sales spiked 6.2% to a seasonally adjusted annual rate of 430,000. That was up from 405,000 a month earlier and above forecasts for a reading of 404,000. The...

October existing home sales blowout

Nov 23, 2009
Sorry for the delay -- Had to do a video segment on the existing home sales numbers with CNBC, which can be viewed here. As I said in various forums six months ago, I believe the housing market has started to turn -- in construction, sales, inventory,...

MBA: Q3 mortgage performance deteriorates ... again

Nov 19, 2009
The Mortgage Bankers Association's figures on home loan performance just keep getting worse and worse. Here is what things looked like in Q3 2009: * The overall mortgage delinquency rate surged to 9.64% in Q3 2009 from 9.24% in Q2 2009 and 6.99% a...

NAHB index climbs to 19 in September


July housing starts, permits dip



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