{"id":1004093668,"date":"2014-04-01T06:19:08","date_gmt":"2014-04-01T14:19:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004093668"},"modified":"2022-12-08T20:09:47","modified_gmt":"2022-12-09T04:09:47","slug":"economy-watch-fannie-mae-delinquencies-still-falling-eurozone-inflation-dwindles-to-near-zero-chicago-business-down-texas-manufacturing-up","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-fannie-mae-delinquencies-still-falling-eurozone-inflation-dwindles-to-near-zero-chicago-business-down-texas-manufacturing-up\/","title":{"rendered":"Economy Watch: Fannie Mae Delinquencies Still Falling; Eurozone Inflation Dwindles to Near Zero; Chicago Business Down, Texas Manufacturing Up"},"content":{"rendered":"

By Dees Stribling, Contributing Editor<\/em><\/p>\n

Fannie Mae reported on Monday that its single-family serious delinquency rate declined from 2.33 percent in January to 2.27 percent in February. The GSE defines \u201cserious delinquency\u201d as a mortgage more than three months late, or actually in foreclosure, as it applies to loans owned or guaranteed by the company.<\/p>\n

In February 2013, the Fannie Mae serious delinquency rate was 3.13 percent, and the current rate is the lowest since November 2008, just as the U.S. economy was in full free-fall. From that point, the serious delinquency rate rose for more than a year, peaking in February 2010 at 5.59 percent. A more \u201cnormal\u201d rate is about 1 percent.<\/p>\n

Last week, Freddie Mac reported that its single-family serious delinquency rate declined from 2.34 percent in January to 2.29 percent in February. Freddie’s rate is down from 3.15 percent in February 2013, and is at its lowest level since February 2009.<\/p>\n

Eurozone Inflation Dwindles to Near Zero<\/strong><\/p>\n

Though serious inflation hasn\u2019t been a worry in the world\u2019s industrialized economies in many decades, it\u2019s currently so low in many places that it\u2019s given rise to speculation about whether deflation is in the cards \u2013 something not really seen since the Great Depression. Monday\u2019s report by Eurostat, the EU\u2019s statistical agency, will likely add fire to the speculation. According to the agency\u2019s first estimate of consumer prices in March, eurozone inflation was at its lowest level in more than four years, with consumer prices rising at an annualized rate of 0.5 percent during the month, down from 0.7 percent in February.<\/p>\n

Upward pressures came from food, alcohol and tobacco prices (up 1 percent), non-energy industrial goods (up 0.3 percent) and services (up 1.1 percent). Each of those components, however, recorded slower rates of gains than in the previous month. By contrast, energy prices fell 2.1 percent on an annualized basis, compared with a 2.3 percent decline in February. The \u201ccore rate\u201d of inflation for March, which excludes energy, food, alcohol and tobacco prices, also slowed 0.2 percentage points to 0.8 percent, Eurostat said.<\/p>\n

The report adds extra pressure to the European Central Bank ahead of its monthly policy meeting this week in Frankfurt. In response to the specter of deflation, the ECB trimmed its key lending rate to a record-low 0.25 percent following October 2013, after inflation that came in much less than expected, an annualized 0.7 percent.<\/p>\n

Chicago Business Down, Texas Manufacturing Up\u00a0<\/strong><\/p>\n

The Chicago Business Barometer decreased 3.9 points in March to 55.9, the lowest level since August, led by a decline in New Orders and a sharp fall in Employment, according to the Federal Reserve Bank of Chicago on Monday. Employment, the second biggest contributor to the barometer\u2019s decline, decreased sharply in March, erasing nearly all of February\u2019s double-digit rise. Although New Orders remained firm above the 50 break-even level, they eased for the second consecutive month, pointing to a slight softening in demand.<\/p>\n

In another important regional economic metric, the Federal Reserve Bank of Dallas said on Monday that Texas factory activity increased for the 11th month in a row in March, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose from 10.8 to 17.1, indicating output grew at a stronger pace than in February.<\/p>\n

Wall Street kicked the week off with a healthy advance, with the Dow Jones Industrial Average up 134.6 points, or 0.82 percent. The S&P 500 advanced 0.79 percent and the Nasdaq was up 1.04 percent.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Fannie Mae reported that its single-family serious delinquency rate declined from 2.3 percent in January to 2.2 percent in February. Eurozone inflation was at its lowest level in more than four years, with consumer prices rising at an annualized rate of 0.5 percent during the month, down from 0.7 percent in February. The Chicago Business Barometer decreased 3.9 points in March. However, Texas factory activity increased for the 11th month in a row in March.<\/p>\n","protected":false},"author":952,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[39393],"class_list":["post-1004093668","post","type-post","status-publish","format-standard","hentry","category-latest","tag-chicago"],"acf":[],"yoast_head":"\nEconomy Watch: Fannie Mae Delinquencies Still Falling; Eurozone Inflation Dwindles to Near Zero; Chicago Business Down, Texas Manufacturing Up - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-fannie-mae-delinquencies-still-falling-eurozone-inflation-dwindles-to-near-zero-chicago-business-down-texas-manufacturing-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Fannie Mae Delinquencies Still Falling; Eurozone Inflation Dwindles to Near Zero; Chicago Business Down, Texas Manufacturing Up\" \/>\n<meta property=\"og:description\" content=\"Fannie Mae reported that its single-family serious delinquency rate declined from 2.3 percent in January to 2.2 percent in February. Eurozone inflation was at its lowest level in more than four years, with consumer prices rising at an annualized rate of 0.5 percent during the month, down from 0.7 percent in February. The Chicago Business Barometer decreased 3.9 points in March. However, Texas factory activity increased for the 11th month in a row in March.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-fannie-mae-delinquencies-still-falling-eurozone-inflation-dwindles-to-near-zero-chicago-business-down-texas-manufacturing-up\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-04-01T14:19:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:09:47+00:00\" \/>\n<meta name=\"author\" content=\"Anna Spiewak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-fannie-mae-delinquencies-still-falling-eurozone-inflation-dwindles-to-near-zero-chicago-business-down-texas-manufacturing-up\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-fannie-mae-delinquencies-still-falling-eurozone-inflation-dwindles-to-near-zero-chicago-business-down-texas-manufacturing-up\/\",\"name\":\"Economy Watch: Fannie Mae Delinquencies Still Falling; Eurozone Inflation Dwindles to Near Zero; Chicago Business Down, Texas Manufacturing Up - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"datePublished\":\"2014-04-01T14:19:08+00:00\",\"dateModified\":\"2022-12-09T04:09:47+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1bbb99675c2609ea2e6792f8b25d7b76\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-fannie-mae-delinquencies-still-falling-eurozone-inflation-dwindles-to-near-zero-chicago-business-down-texas-manufacturing-up\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/economy-watch-fannie-mae-delinquencies-still-falling-eurozone-inflation-dwindles-to-near-zero-chicago-business-down-texas-manufacturing-up\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-fannie-mae-delinquencies-still-falling-eurozone-inflation-dwindles-to-near-zero-chicago-business-down-texas-manufacturing-up\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economy Watch: Fannie Mae Delinquencies Still Falling; Eurozone Inflation Dwindles to Near Zero; Chicago Business Down, Texas Manufacturing Up\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1bbb99675c2609ea2e6792f8b25d7b76\",\"name\":\"Anna Spiewak\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g\",\"caption\":\"Anna Spiewak\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/annaspiewak\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Economy Watch: Fannie Mae Delinquencies Still Falling; Eurozone Inflation Dwindles to Near Zero; Chicago Business Down, Texas Manufacturing Up - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/economy-watch-fannie-mae-delinquencies-still-falling-eurozone-inflation-dwindles-to-near-zero-chicago-business-down-texas-manufacturing-up\/","og_locale":"en_US","og_type":"article","og_title":"Economy Watch: Fannie Mae Delinquencies Still Falling; Eurozone Inflation Dwindles to Near Zero; Chicago Business Down, Texas Manufacturing Up","og_description":"Fannie Mae reported that its single-family serious delinquency rate declined from 2.3 percent in January to 2.2 percent in February. Eurozone inflation was at its lowest level in more than four years, with consumer prices rising at an annualized rate of 0.5 percent during the month, down from 0.7 percent in February. The Chicago Business Barometer decreased 3.9 points in March. However, Texas factory activity increased for the 11th month in a row in March.","og_url":"https:\/\/www.commercialsearch.com\/news\/economy-watch-fannie-mae-delinquencies-still-falling-eurozone-inflation-dwindles-to-near-zero-chicago-business-down-texas-manufacturing-up\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-04-01T14:19:08+00:00","article_modified_time":"2022-12-09T04:09:47+00:00","author":"Anna Spiewak","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-fannie-mae-delinquencies-still-falling-eurozone-inflation-dwindles-to-near-zero-chicago-business-down-texas-manufacturing-up\/","url":"https:\/\/www.commercialsearch.com\/news\/economy-watch-fannie-mae-delinquencies-still-falling-eurozone-inflation-dwindles-to-near-zero-chicago-business-down-texas-manufacturing-up\/","name":"Economy Watch: Fannie Mae Delinquencies Still Falling; Eurozone Inflation Dwindles to Near Zero; Chicago Business Down, Texas Manufacturing Up - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"datePublished":"2014-04-01T14:19:08+00:00","dateModified":"2022-12-09T04:09:47+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1bbb99675c2609ea2e6792f8b25d7b76"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-fannie-mae-delinquencies-still-falling-eurozone-inflation-dwindles-to-near-zero-chicago-business-down-texas-manufacturing-up\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/economy-watch-fannie-mae-delinquencies-still-falling-eurozone-inflation-dwindles-to-near-zero-chicago-business-down-texas-manufacturing-up\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-fannie-mae-delinquencies-still-falling-eurozone-inflation-dwindles-to-near-zero-chicago-business-down-texas-manufacturing-up\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Economy Watch: Fannie Mae Delinquencies Still Falling; Eurozone Inflation Dwindles to Near Zero; Chicago Business Down, Texas Manufacturing Up"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1bbb99675c2609ea2e6792f8b25d7b76","name":"Anna Spiewak","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g","caption":"Anna Spiewak"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/annaspiewak\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004093668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/952"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004093668"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004093668\/revisions"}],"predecessor-version":[{"id":1004629976,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004093668\/revisions\/1004629976"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004093668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004093668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004093668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}