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Month: May 2022

It’s yours. Now what?

Published Date 5/31/2022 So you won the house. Congratulations! The bidding is over and the keys are yours. If you are a first time home owner, however, be aware that your work has just begun

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Three things that can impact rates this week

Published Date 5/31/2022 TODAY’S MORTGAGE RATE SUMMARY HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all

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A home bidding journey to write home about

Published Date 5/27/2022 It’s always interesting when a personal finance expert jumps into the home buying game and lives to write about it. BusinessInsider’s Laura Grace Tarpley recently described how she “won” the bidding contest

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Mortgage Market News for the week ended May 27, 2022

Published May 27, 2022 Inflation Matches Expectations Increasing concern that the pace of global economic growth may be slowing was favorable for mortgage markets this week. The major economic reports and Fed minutes caused little

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PCE data gives markets hope that inflation is slowing

Published Date 5/27/2022 Prior to the 8:30 am ET data the 10 yr. was unchanged from yesterday and MBS prices also unchanged. All week we pointed to this morning’s release of April personal income, personal

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First quarter GDP revised lower

TODAY’S MORTGAGE RATE SUMMARY HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the

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April durable goods orders slightly weaker than expected

Published Date 5/25/2022 The 10 yr. note yield continues to fall as investors pile into safe havens as the equity markets remain under pressure, this morning in pre-opening trade the DJIA at 8 am ET

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The market will be focused on the Fed minutes and inflation this week

Published Date 5/23/2022 Last Friday the stock indexes ended generally unchanged on the day; the 10 note dropped 6 bps to 2.79% and MBS prices were up 17 bps. This morning stock indexes at 8

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Three things that could impact rates this week

Published Date 5/23/2022 TODAY’S MORTGAGE RATE SUMMARY HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all

Posted in Uncategorized

Mortgage Market News for the week ended May 20, 2022

Published Date 5/20/2022 MortgageTime™ by MBSQuoteline Consumer Spending Surges The major economic data released this week was roughly in line with the expected levels and caused little reaction. Tough talk from the Fed on fighting

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Equity market take center stage ahead of the weekend

Published Date 5/20/2022 Stock indexes started a little better this morning, the 10 yr. note at 2.84% -1 bp, FNMA 4.5 30 yr. coupon -11 bps. There are no economic releases today, even if there

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Protecting your ‘resort-like’ outdoor living spaces

Published Date 5/19/2022 Backyards, once a place to merely wheel your barbecue out to or let your dog do his business in, have undergone a spectacular metamorphosis over the past few decades. But no more

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