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Month: May 2022

Market focus: Initial Weekly Jobless Claims and Manufacturing

Published Date 5/19/2022 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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Inflation continues to dominate market worries

Published Date 5/18/2022 US stock indexes in very early trading began lower, interest rates recently have improved when stocks are lower, today the 10 yr. note at 9 am ET +3 bps to 3.00%. After

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Market Focus: Retail sales data and the Fed

Published Date 5/17/2022 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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Experts look at late summer to early fall for bidding wars to lessen

Published Date 5/16/2022 When mortgage rates were in the double digits (1980s), everyone was complaining. But they eventually drifted downward. Lately mortgage rates on 30-year fixed rate loans have added more than two percentage points

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Equity markets will be a key factor for volatility this week

Published Date 5/16/2022 Early this morning the US stock indexes were generally unchanged, the 10 yr. note at 2.915 -1 bp. FNMA 4.5 30 yr. coupon at 9 am ET +9 bps from Friday. At

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Mortgage Market News for the week ended May 13, 2022

MortgageTime™ by MBSQuoteline Mortgage Market News for the week ended May 13, 2022 Inflation Eases Slightly After rising steadily for months, mortgage rates paused this week and then moved a little lower. The major inflation

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Import and Export prices seem to confirm slowing inflation

Published Date 5/13/2022 The pattern remains the same as the last week, stocks better, interest rates higher. The recent heavy selling of equities has pushed safety moves to treasuries, yesterday the 10 yr. note yield

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Volatility remains high on jobs and PPI data

Published Date 5/12/2022 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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It’s never too late to learn how to properly clean a kitchen

Published Date 5/11/2022 Of all the places in your house where cleanliness is next to godliness, it should be where you prepare food. Just because your momma never taught you how to clean a kitchen

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April CPI shows inflation higher than expected

Published Date 5/11/2022 Prior to the 8:30 am ET release of April CPI the 10 yr. note at 2.95% -5 bp, the DJIA +300. At 8:45 am the 10 traded at 3.02%, the DJIA -102.

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Markets continue to bet against inflation

Published Date 5/10/2022 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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Hesitation to buy a home fueling a gradual ‘reset” in the market

Published Date 5/9/2022 There was a time when buying a home was first and foremost for the purpose of shelter. The word “investment” was not common among those who wrote a check, stuffed it into

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