Mike Bjork's (mbjork) Blog

By
Mortgage and Lending - Evolve Bank & Trust - NMLS #275652

ARCHIVED BLOG POSTS

2022 

1 Comments
http://MikesDailyMarketReport.com:  There's a lot of important Economic Data being released today, which I'll touch on some of it after I list the reported data.  Employment Costs (initial) rose 1.4% for Q1.  Personal Income rose 0.5% in March while Consumer Spending rose 1.1%.  The Personal Cons...
04/29/2022

0 Comments
http://MikesDailyMarketReport.com:  The Initial Jobless Claims dropped again to 180k, as Continued Claims have shown signs of continuous declines.  All good news, as people are going back to work!  However, the initial reading for the Q1 GDP reported a drop of 1.4%, after posting an increase of 6...
04/28/2022

1 Comments
http://MikesDailyMarketReport.com:  According to the Economic Calendar, we have Pending Home Sales for the month of March, which it dropped 1.2% from February's numbers.  It came in at 103.7k seasonally adjusted units.  There was an Auction for both the 2 year and 5 year Treasuries, which didn't ...
04/27/2022

0 Comments
http://MikesDailyMarketReport.com:  Durable Goods improved by 0.8% in March.  We have 2 Home Price Indexes (HPI) for February being released today.  The first is Case Shiller HPI, which measures the 20 largest Metros in the US, rose to 20.2% YoY; and the FHFA HPI, which measures homes with Confor...
04/26/2022

1 Comments
http://MikesDailyMarketReport.com:  There are no economic data to report today; however, this week will be packed with important data being released.  Friday will be the BIG day this week, as the PCE will be released.  Investors are hoping that inflation data has peaked, so we can hopefully see i...
04/25/2022

1 Comments
http://MikesDailyMarketReport.com:  The Markit PMI released their data for 2 sectors, Manufacturing and Services for the month of April.  The Manufacturing rose to 59.7 in April; while Services dropped to 54.7.  Anything above 50 is considered expansion.  Investors continue to review the Q1 Corpo...
04/22/2022

1 Comments
http://MikesDailyMarketReport.com:  Manufacturing in the Philadelphia region dipped in April, as the Philly Fed Index dropped from 27.4 in March to 17.6 in April.  The number for April is still pretty good, but the steep decline is something to monitor.  Meanwhile, Initial Jobless Claims dropped ...
04/21/2022

1 Comments
http://MikesDailyMarketReport.com:  Existing Homes sales dropped by 2.7% in March, as the seasonally adjusted units were lowered to 5.77 million.  This is mostly due to low inventories.  Investors are reviewing Q1 Earnings reports, which Netflix is in the headlines, as they reported a decline of ...
04/20/2022

0 Comments
http://MikesDailyMarketReport.com:  Housing starts rose 0.3% in March to 1.793 million seasonally adjusted units.  Also, Permits rose 0.4%, as it reached 1.873 million.  Both exceeded forecasts; especially as confidence with Home Builders dropped 2 points for April, so next month's release will b...
04/19/2022

2 Comments
http://MikesDailyMarketReport.com:  This week will feature a lot of Housing data, so stay tuned!  Today, we have the NAHB Home Builders Index for April, which dropped by 2 points to 77.  This measures the Home Builders confidence, which has lessened to the spike in Mortgage Rates in 2022.  Invest...
04/18/2022
Back to Top Recent