Afn Brooklyn

ADP reports a big miss in new jobs At 8:15 am ET this morning ADP was back after two months away, re-engineering its formulas to better account for private jobs; August private jobs expected +228K, as reported +132K. The reaction a little volatile...

Included or extra? Going into the purchase of a newly-built home with eyes wide open The new-or-used debate is nothing new. With cars, you’re warned that the vehicle will depreciate the moment it’s driven off the lot. With homes, however, that’s not the case. But newer, shinier, and high tech can often...

Mentally preparing yourself for a home inspection can help with potential surprises, large and small When it comes to home buying, it ain’t over ’til it’s over. We’re talking about your home inspection — a crucial element in the final-final decision you’ll make to “close the deal” even after your offer...

While singles must use different tactics to qualify for and buy a home these days, they still do buy. With only half of adult Americans married today and nearly 40% of them partnerless, lenders are learning that they can’t count on couples to buy homes in the numbers they once did...

January new jobs openings exceed expectations Commodity prices that have been on a rampage recently are backing down this morning, oil products and crude oil all lower. We don’t see anything long term significant, it is just correcting very overbought...

Market volatility back up on Big Jobs Friday Feb employment data this morning. A larger increase in jobs than forecasted, non-farm job growth was expected at 390K, jobs increased 678K. Private jobs thought to have increased...

International news sets the trend ahead of long weekend This morning the 10 yr. note began down 1 bps and MBS prices unchanged. Stock indexes tried to do better but slipped back as more Russia news weighs heavy on markets...

How do most people find out about homes for sale? Look no further than the ubiquitous MLS You may not be able to wrap your head around this, but there was a time before computers when listings for homes were printed on sheets of paper and placed in huge books. Nope. Nothing to “click” on to find...

The last day of 2021 shaping up to be a quiet one for markets The 10 opened -1 bp at 1.50%, stock indexes slightly lower. It is the end of what was a very volatile year for markets...

Market volatility up on lockdown fears Increasing talks of more lockdowns due to omicron continue to roil the equity markets; this morning at 8 am ET the DJIA was down...

Inflation continues with record setting PPI Producer Prices exploded to new record highs in November. The Headline PPI YOY jumped a full point from October to...

Accepting an offer on your unlisted home; you still have a long road ahead if you’re not using an agent It’s not rocket science. But it’s no cakewalk, either. Selling your home without an agent...

Markets quiet despite miss in job openings Yesterday MBS prices fell, and the stock market roared ahead for the second day. This morning the 10 yr. note started +2 bps at 1.50%, stock indexes fractionally better in...

Markets calmer today The 3rd QTR Non Farm Productivity was revised from -5.0% to -5.2% as the Unit Labor Costs were revised from...

Three things that can impact rates this week These are the three areas that have the greatest ability to impact rates this week: 1) Central Banks, 2) Domestic News and 3) Covid...

Expect a volatile week Stocks and bonds experienced huge moves last Friday, driven by the new variant of COVID, named Omicron. DJIA -905, 10 yr. note yield 1.48% -16 bps, MBS prices +77 bps. This morning some rebounds, the 10 began the day at 1.54% +6 bps and MBS prices -20 bps. DJIA at 9 am ET +355. Crude oil fell $11.00...

Markets grapple with a deluge of data For the first time since the pandemic began weekly claims were less than prior to the lockdowns. The decline, along with near-record levels of job openings, signals strengthening demand for labor, according...

Markets start off volatile on this holiday shortened week This is a short week crammed with Treasury auctions and a lot of key data points. Thursday markets closed, Friday a short trading day. By Wednesday afternoon all...

Just a reminder for everyone who will be cooking turkey this Thanksgiving. You may have to take it out of the freezer tomorrow. So it will be ready to cook

Markets quiet ahead of treasury auction this afternoon Not anything new this morning that has influence on the markets. On the powerful stock market, Goldman Sachs Group Inc. Chief Executive Officer David Solomon said...

Retail data for October exceeds expectations The October data was stronger than expected, increasing by 1.7% vs. est. of 1.2%. September was revised upward from 0.7% to...

When HOAs go too far, take action. But prepare yourself for stomach acid There have pretty much always been two camps: those who live in neighborhoods that maintain rules to keep the streets, homes, and ambience of a neighborhood looking pristine, thus hoping to keep property values intact. And those who see their homes and properties as a playground for their lives, off...

Producer Price Index continues inflationary data trend October Producer Price Index (PPI) increased by 0.6% on a MOM basis and 8.6% on a YOY basis. Core (ex food and energy) grew at...

No major news today while markets recover from last week's volatility The day began with stock indexes continuing their climb higher, the 10 yr. note yield after strong buying last Thursday and Friday seeing some early selling...

Living with the shortages: what to prepare yourself for in the coming months It was quite a while ago that Fleetwood Mac wrote about “breaking the chain.” But they obviously weren’t talking about the supply chain when they sang that song...

Volatility up on inflation data Consumer spending in Sept increased 0.6%, slight better than 0.5% estimates, but down from +0.8% in August...

Markets Focus: Housing Data, October Richmond Fed Manufacturing Index and Consumer Sentiment The August FHFA Housing Price Index increased by 1.0% MOM vs. est. of 1.3%. The YOY August Case-Shiller Home Price Index showed a gain of...

Wishing everyone a very healthy and happy new year.