Markets are looking for a calm week ahead

Stock indexes lower today, the bond and mortgage markets generally unchanged on the session. Oct housing starts and permits were much stronger than expected this morning (+12% and +5.5% respectively).

Wire transfers are the latest target of scammers

Ever since the invention of money, clever miscreants have been figuring out ways to separate innocent people from theirs. With the advent of the Internet, the number of diabolical schemes seems to pop up almost daily.

Housing starts stronger than expected

October New Housing Starts were stronger than expected 1.29M vs est of 1.19M and September was revised upward. Single Family Housing jumped 5.3% to 877K units.

Consumer prices edge higher

October CPI, expected +0.1% was as expected, the core (ex-food and energy) +0.2% as expected.

Retail sales better than expected and mortgage rates remain flat

Retail Sales: This data was better than expected. The Headline October reading came in at 0.2% vs est of 0.0%. But more importantly,...