Mike Bjork's (mbjork) Blog

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Mortgage and Lending - Evolve Bank & Trust - NMLS #275652
RECENT BLOG POSTS
http://MikesDailyMarketReport.com:  The Initial Jobless Claims came at 184k last week, which is a new Pandemic low (and lowest since 1968); however, a word of caution, as like every Holiday season, there are lots of Temporary jobs that are created until end of the year.  This temporary position c...
12/09/2021
http://MikesDailyMarketReport.com:  There are no economic data to report today; however, there was a 10 year Treasury, which went well and helped the MBS Market.  Earlier in the day, Pfizer and BioNTech reported that the 3rd shot greatly increases the vaccinated from deadly variants, including Om...
12/08/2021
http://MikesDailyMarketReport.com:  Today, we get the final reading for both the Productivity and Labor Costs for the 3rd Quarter.  Productivity dropped 5.2%; and Labor Costs spiked upward to 9.6%.  The latter is an index closely watched by the Fed, whom have already indicated a shift in policy i...
12/07/2021
http://MikesDailyMarketReport.com:  There's no economic data released today, but the big report to watch for, will be on Friday, which is the CPI.  The last time CPI was reported, then there was a fairly big spike, which the Markets reacted very negatively.  So beware!  The Markets are taking the...
12/06/2021
http://MikesDailyMarketReport.com:  Today is the Big Jobs data by the Bureau of Labor Statistics (BLS)!  We'll start with the Average Earnings (MoM) for November, which rose 0.3%; while the Average Work Week increased by 0.1 to 34.8 hrs/week.  The Non-Farm Payrolls came in at 210k, which was WAY ...
12/03/2021
http://MikesDailyMarketReport.com:  The Initial Jobless Claims rose back above the 200k level after (it was reported at 194k last week), which 222k applied for first time benefits last week.  Some good news, lies with the Challenger Layoff (announced layoffs), which dropped by nearly 8 million; a...
12/02/2021
http://MikesDailyMarketReport.com:  ADP released their Private Payrolls for November today, which is the first of 3 sets of Jobs reports this week, came in a little better than expected with 534k new jobs.  The ISM Manufacturing PMI showed some improvement in November, when they announced it risi...
12/01/2021
http://MikesDailyMarketReport.com:  The Case Shiller Home Price Index (HPI), which measures the Top 20 Markets in the US, rose 1.0% in September and brought it's YoY down to 19.1%.  Like it's counter-part, the FHFA HPI rose only 0.9% in September and it's YoY was brought down to 17.7%.  The FHFA ...
11/30/2021
http://MikesDailyMarketReport.com:  This week will be about November's Jobs Data, which will start on Wednesday with the ADP Private Payrolls.  Today, we just have the Pending Home Sales for October, which was reported at 125,200 seasonally adjusted units.  This was up 7.5% from September.  Stock...
11/29/2021
http://MikesDailyMarketReport.com:  Due to short week this week, we have a lot of data crammed into today.  We'll start with Building Permits, which improved (slightly) in October.  It went from 1.65 million seasonally adjusted units to 1.653 million in October.  New Home Sales had a pretty steep...
11/24/2021