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 dropped below the 200k for the first time since the beginning of the Pandemic.  It came in at 187k; and the Continuing Claims declined, as well.  However, the Durable Goods Orders dropped by 2.2% in February.  Markit PMI released both...
03/24/2022
http://MikesDailyMarketReport.com:  New Home Sales dropped 2.0% in February to 772k seasonally adjusted units due to spike in Mortgage Rates, as affordability continues to decline.  The hawkish talk from other Fed Members continues, as the Markets adjust to the Fed's policy changes, which include...
03/23/2022
http://MikesDailyMarketReport.com:  Existing Home Sales dropped 7.2% in February to 6.02 million seasonally adjusted units.  But, Leading Indicator Index rebounded in February to 0.3%, after a bit of a contraction (-0.5%) in January.  Investors continue to monitor the Ukraine/Russia situation, as...
03/18/2022
http://MikesDailyMarketReport.com:  Housing Starts rose by 6.8% in February to 1.769 million seasonally adjusted units; however, Building Permits (future Housing Starts) dropped 1.9% to 1.859 million.  This matches the drop in Home Builder Confidence, which is mostly attributed to the higher Mort...
03/17/2022
http://MikesDailyMarketReport.com:  Retail Sales only rose 0.3% in February after a hot January, which rose (revised higher) 4.9%.  The NAHB Home Builders Index declined again in March to 79.  This index measures the confidence with Home Builders.  This is mostly attributed to higher Mortgage Rat...
03/16/2022
http://MikesDailyMarketReport.com:  The headline news for Producers Price Index (PPI), which measures inflation for Wholesalers, rose 0.8% in February; whereas, it's Core PPI (excludes food and energy) rose only 0.2%.  The Core PPI dropped to 8.4% YoY from a higher revision to 8.5% in January.  N...
03/15/2022
http://MikesDailyMarketReport.com:  There are no economic data to report today; however, there will be some important data being reported this week.  Tomorrow, we'll receive inflationary data on the wholesale sector with the PPI report.  Typically, this report isn't high impact, but because of ou...
03/14/2022
http://MikesDailyMarketReport.com:  Consumer Sentiment dropped a little lower than expectations for March to 59.7, as Consumers are faced with the Russia/Ukraine conflict and rapidly rising inflation and gas prices.  There were reports out there that Putin commented to Belarussian counter-parts t...
03/11/2022
http://MikesDailyMarketReport.com:  Today is the week's biggest report, which is the Consumer Price Index (CPI), which measures Consumer Inflation.  The Headline number rose 0.8% in February and it's YoY rose to 7.9%; but if you excluded the Food and Energy, which is the Core CPI, the it rose 0.5...
03/10/2022
http://MikesDailyMarketReport.com:  There are no economic data to report today; however, later this morning, the 10 year Treasury Auction will take place.  This could potentially move the Markets a bit, depending upon it's success, or lack thereof.  Meanwhile, Ukraine and Russian Ministers meet i...
03/09/2022