Mike Bjork's (mbjork) Blog

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

ARCHIVED BLOG POSTS

2022 

http://MikesDailyMarketReport.com:  The Personal Consumption Expenditure (PCE) released it's inflation data today.  This index is the Fed's favorite gauge for inflation, so it holds a lot of weight (in terms of impact with Markets).  The PCE rose 0.6% in May, while it's YoY remained Unchanged at ...
06/30/2022
http://MikesDailyMarketReport.com:  The Q1 GDP released it's final revision, which dropped another .1% from the previous revision; and the final is a drop of 1.6% for Q1.  MBS is Up today, which it was around 17bps in the beginning of the video, then it jumped up to 25bps.  If this continues, the...
06/29/2022
http://MikesDailyMarketReport.com:  The Case Shiller Home Price Index (HPI), which measures home prices in the 20 largest metros in US, rose 1.8% in April while it's YoY rose to 21.2% (after March lower revision from 21.2% to 21.1%).  The FHFA HPI, which follows conforming loans, rose 1.6% in Apr...
06/28/2022
http://MikesDailyMarketReport.com:  Durable Goods Orders rose 0.7% in May, exceeding expectations of 0.1%.  Pending Home Sales broke it streak of declines in May, as it rose by 0.7% to 99.9k annualized units.  There are a number of important data to watch this week, but none more important than T...
06/27/2022
http://MikesDailyMarketReport.com:  New Homes Sales beat expectations for May, as it jumped up 10.7% to 696k seasonally adjusted units.  However, Consumer Sentiment dipped down to 50.0 in June.  A few bits that we don't normally look at, but Fed Chair Powell made a comment about it, which raised ...
06/24/2022
http://MikesDailyMarketReport.com:  The weekly Initial Jobless Claims dipped to 229k last week, after last week's report was revised higher, from 229k to 231k.  Also, there was a slight increase to the Continuing Claims from last week.  The Markit PMI released their 2 reports (Manufacturing and S...
06/23/2022
http://MikesDailyMarketReport.com:  The weekly Initial Jobless Claims dipped to 229k last week, after last week's report was revised higher, from 229k to 231k.  Also, there was a slight increase to the Continuing Claims from last week.  The Markit PMI released their 2 reports (Manufacturing and S...
06/23/2022
http://MikesDailyMarketReport.com:  There's no notable items on the Economic Calendar today, but there was some positive from the MBA's Mortgage Loan Activity, which reported an increase of Mortgage Loan Origination with Purchase Transactions.  Fed Chair Powell begins his 2 day Congressional Test...
06/22/2022
http://MikesDailyMarketReport.com:  Existing Home Sales dipped 3.4% in May to 5.41 million seasonally adjusted units.  There's not a lot of data being released this week on the Economic Calendar, so most impact will come from headline/geopolitical news or investor sentiment.  Stocks are Up today,...
06/21/2022
http://MikesDailyMarketReport.com:  Industrial Production only increased by 0.2% in May, below forecast of 0.4%.  Also, Leading Indicators contracted by 0.4% in May, which sets off 2 months in a row with contraction.  Stocks are Up today, as Investors are buying on the dip; and money is flowing o...
06/17/2022