The Latest Breaking News from MBA

It was a seesaw week in the U.S. housing market, with mortgage rates taking off like a rocket while housing starts sank like a rock.

Sonoco Products Co (NYSE:SON) has appointed Rob Dillard as its Chief Financial Officer, effective July 1, 2022. Dillard most recently served as the company's Chief Strategy Officer. He will be responsible for Sonoco's global finance functions. He succeeds Julie Albrecht, who previously announced plans to depart Sonoco on June 30, 2022. Related: Sonoco Products…

The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET. Data on retail sales for May will be released at 8:30 a.m. ET. Retail sales, came in above estimates in April, increasing 0.9% overall. Analysts, however, expect a 0.1% gain in…

Calavo Growers Inc (NASDAQ:CVGW) has appointed Shawn Munsell as its Chief Financial Officer, effective June 20. Before joining Calavo, Munsell led the finance and accounting functions for Tyson Foods, Inc's (NYSE:TSN) chicken segment as SVP of Finance and Accounting.  He holds a bachelor's degree in economics with high honors from the University of Michigan and an…

The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET. Data on wholesale inventories for April will be released at 10:00 a.m. ET. Analysts expect wholesale inventories rising 2.1% in April.

As the saying goes, every cloud has a silver lining. One good thing that’s come out of Covid-19 is the fast-forward in digital adoption that, among many other things, is not only democratizing education but making it more malleable and convenient.

The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET. The manufacturing PMI for May for March will be released at 9:45 a.m. ET. The final manufacturing PMI for May is projected to hold at the 57.5 flash level, compared to…

The U.S. housing market showed unmistakable signs of stalling this week. Despite a decline in mortgage rates, mortgage applications and home sales were down while the cost of homeowners insurance was rising across most of the nation.

“Most refinance borrowers continue to remain on the sidelines as a result, and refinance applications have fallen in nine of the past 10 weeks," said the MBA's Joel Kan.

The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET. Data on durable goods orders for April will be released at 8:30 a.m. ET. Durable goods orders, which rose 1.1% in March, are expected to increase 0.5% in April.

He was on the run for six years