Five Minute Maturity – 05/05/2021

Good morning and happy hump day. Today the MBA (Mortgage Banker’s Assn) is very active, with an early release of its weekly Mortgage Applications for the week ending April 30 and 1st quarter report on delinquencies and foreclosures. The 6:00 a.m. Mortgage Applications...

Five Minute Maturity – 05/03/2021

Good morning and happy Monday!  Auto sales are on the front burner today as we get Ward’s Total Vehicle Sales for April after the stock market closes.  The street is looking for a 150k (annualized) pullback from March’s HUGE jump to 17.75 million.  In...

Five Minute Maturity – 04/28/2021

Good morning and happy hump day! We’re still on the scheduled housing news train today, as we got Mortgage Applications for the week ending April 23. Last week’s +8.6% winner of a release is still echoing strongly around the water coolers of the U.S. business...

Five Minute Maturity – 04/21/2021

Good morning and happy hump day. We finally got some housing news this morning with the release of Mortgage Applications for the week ending April 16th. Coming off the previous weeks -3.7%, today’s number was a HUGE improvement at +8.6%! In a show of strength,...

Five Minute Maturity – 04/23/2021

Good morning and happy Friday! Existing home sales for the month of March came in lower than expected at -3.7% to a seasonally adjusted annualized rate of 6.01 million units. Given the current state of low inventory and high prices, many homeowners who would...