The Closer – Insurance, Corporate Commentary, CPI – 9/11/25
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we kick off with a look into the diverging readings in sentiment gauges (page 1). We then look over some fundamentals of insurance stocks (page 2) before switching to a slew of corporate commentary we have gotten in recent days (pages 3-5). Turning over to macro data, we then review the latest CPI release (pages 6 and 7), the latest Z1 report out of the Fed (page 8), and wrap up with a glance at the strong demand for US Treasuries on the primary market (page 9).
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Bespoke’s Weekly Sector Snapshot — 9/11/25
This content is for members onlyInsurance Burdening Homeowners
In Tuesday’s Closer, we touched on some recent housing inventory, price, and mortgage delinquency data. With regards to delinquencies, the ICE Mortgage Monitor pointed to an improvement in the delinquency rate as of July.
While the monthly ICE report usually focuses on noncurrent loans, the most recent report also turned the spotlight on insurance premiums for mortgaged single family homes; specifically in regards to its impacts on home affordability. After surging 8.3% in 2024, average annual home insurance premiums hit another record high in June, rising to $6.19 for every $1,000 in coverage. That growth has far outpaced other categories like principal, interest, and taxes, which have likewise grown considerably in the past few years, making for an additional factor hurting affordability.
According to ICE’s data, the average single-family mortgage holder now pays about $2,370 a year for property insurance, accounting for a record 9.6% of average total mortgage-related expenses comprising principal, interest, taxes, and insurance.
The Closer – CPS ASEC, PPI, AI Surge and Diverge – 9/10/25
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we provide a look at the annual update of CPS ASEC data for 2024 (pages 1 – 3). We then switch over to today’s PPI release (pages 4 and 5) before closing out with a check up on the diverging performance in our AI Baskets (pages 6 and 7).
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