Unemployment rates were lower in April in 12 states and the District of Columbia while remaining stable in 38 states, the U.S. Bureau of Labor Statistics reported today. Many states — currently about 21 — have decided to pull the $300 in enhanced federal unemployment benefits due to concerns that people do not have an incentive to resume employment.

Sales of existing homes dropped 2.7% in April to a seasonally adjusted annualized rate of 5.85 million units, according to the National Association of Realtors, and the supply of homes for sale was down 20%. High demand and rock-bottom supply continued to push prices higher.

The bond markets continue to take their cue from the Fed with the notion that the recent spike in inflation will be transitory. The Fed will be purchasing up to $5.164B in mortgage-backed-securities today.

Under the volatile market, keeping an eye on the market and/or locking interest rates in time is strongly recommended.



债券市场继续从美联储获得暗示,认为近期通货膨胀将是短暂的。美联储将在今天购买高达$ 5.164B的抵押贷款支持证券。


Economic Calendar

Report Period Estimate Impact
Date: Tue. May. 25
New Home Sales Apr 950K Moderate
Consumer Confidence May 119.0 Moderate
S&P/Case-Shiller Home Price Index May 11.7% Moderate
Date: Thu. May. 27
Gross Domestic Product (GDP) Q1 6.4% High
GDP Chain Deflator Q1 NA High
Durable Goods Orders Apr 0.7% Moderate
Pending Home Sales Apr 5.0% Moderate
Jobless Claims (Initial) 5/22 422K Moderate
Date: Fri. May. 28
Personal Consumption Expenditures and Core PCE Apr 0.7% High
Consumer Sentiment Index (UoM) May 82.9 Moderate
Personal Consumption Expenditures and Core PCE YOY 3.0% High
Chicago PMI May NA Moderate
Personal Income Apr -14.0% Low
Personal Spending Apr 0.6% Low
Daily rate based on: SFR/Primary/LTV60/FICO 780/Purchase
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