HUD and Census Bureau: New Residential Sales Report for November 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for November 2018: New Home Sales Sales of new single-family houses in November 2018 were at a seasonally adjusted annual rate of 657,000. This is 16.9 percent (±19.9 percent)* above the revised October…
ABA: Report Shows Credit Card Market Expands Further in Third Quarter as the Economy Sustains Robust Growth
Credit card use continued to increase in the third quarter of 2018, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Compared to the previous quarter, purchase volumes increased for both subprime and super-prime accounts, but moderated for prime accounts. On an annual basis, monthly purchase volumes rose across risk tiers, led…
FHFA: Indices Show Little Movement in Mortgage Interest Rates in December 2018
Nationally, interest rates on conventional purchase-money mortgages were nearly flat from November to December, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.83 percent for loans closed in late December, down 3 basis points from 4.86 percent…
CFPB: Bureau Releases Sixth Annual Report from the Office of Servicemember Affairs
I am pleased to offer the sixth annual report from the Office of Servicemember Affairs (OSA) highlighting issues and emerging trends facing servicemembers, veterans, and military families (collectively referred to as “servicemembers” in this report). The Consumer Financial Protection Bureau (CFPB) and the OSA are committed to ensuring that servicemembers have high levels of financial…
Census Bureau: New Study Examines Barriers, Attitudes and Motivators Toward 2020 Census
The U.S. Census Bureau released results today from the 2020 Census Barriers, Attitudes and Motivators Study (CBAMS). The national survey and series of focus groups were designed to better understand the nation’s attitudes toward the 2020 Census, potential barriers that may inhibit participation, and possible motivators of responding. The CBAMS research is the foundation for…
FHFA: House Price Index Up 0.4 Percent in November 2018
U.S. house prices rose in November, up 0.4 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.3 percent increase in October was revised to reflect a 0.4 percent increase. The FHFA monthly HPI is calculated using home sales price information…
ABA: Bank Economists Forecast Moderating Economic Growth and Heightened Uncertainty
According to a new forecast released today from the Economic Advisory Committee of the American Bankers Association, the pace of growth will moderate through 2019 and 2020, reflecting fading policy support in the U.S. and a slowing global economy. The median forecast of 15 chief economists from major North American banks surveyed the first week…
ABA: Report Shows Consumer Delinquencies Rise in Third Quarter 2018
Installment loan and bank card delinquencies resumed a slow return towards normal levels in the third quarter of 2018, but remain low by historical standards, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Overall, delinquencies rose in six of the 11 categories tracked by ABA while five categories showed improvement. The…
FHFA: Index Shows Mortgage Rates Increased in November 2018
Nationally, interest rates on conventional purchase-money mortgages increased from October to November, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.86 percent for loans closed in late November, up 11 basis points from 4.75 percent in October….
FHFA: House Price Index Up 0.3 Percent in October 2018
Many people make it their New Year’s resolution to get a handle on debt and improve their finances. Here are six steps you can take to make that resolution a reality. U.S. house prices rose in October, up 0.3 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly…