fbpx

Month: June 2022

May inflation lower than expected

Published Date 6/30/2022 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

A calmer day for markets

Published Date 6/29/2022 In overnight trading the 10 yr. note dropped to 3.12%, down 7 bps from yesterday’s US close, by 8:30 am ET this morning the note increased to 3.17% -2 bp. MBS prices

Posted in Uncategorized

Mortgage Market News for the week ended June 24, 2022

Published 6/24/2022 Home Sales Mixed With global central banks aggressively tightening monetary policy to fight inflation, this week investors reduced their outlook for economic growth. As a result, mortgage rates declined from the highest levels

Posted in Uncategorized

Oil prices continue to fall

Published Date 6/24/2022 At 6 am ET this morning the 10 yr. note traded down 4 bps to 3.05%, by 8 am at 3.13% +4 bps, at 9 am 3.11% +2 bp. MBSs opened down 20

Posted in Uncategorized

Dirty ice; read it but don’t weep

Published Date 6/23/2022 When is the last time you read anything about ice cube trays? Never? Well, in a series of Realtor articles titled “How Gross?” Larissa Runkle tackles another highly trafficked item in your

Posted in Uncategorized

Initial Weekly Jobless claims higher than expected

Published Date 6/23/2022 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

Markets focused on potential recession

Published Date 6/22/2022 Treasury futures began declining shortly after yesterday’s cash close, continuing the decline into the night. The market found some support at the start of the European session, but it reached fresh lows in

Posted in Uncategorized

Fear not. This is not 2008 revisited

Published Date 6/21/2022 Those of us who were around for the Great Recession of 2008 may be suffering a bit of PTSD at this point, thinking the economy might begin to look, feel, and hit

Posted in Uncategorized

Three things that could impact rates this week

Published Date 6/21/2022 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 June 17, 2022

Published 6/17/2022 Fed Tightens The US Fed tightened monetary policy by a massive amount this week at its meeting on Wednesday, and other global central banks also have been taking aggressive steps to fight inflation.

Posted in Uncategorized

Markets under pressure ahead of holiday weekend

Published Date 6/17/2022 By the end of the day yesterday the 10 yr. note was down 8 bps and MBS prices down 2 bps; it was another volatile session, MBSs at 9:30 am ET yesterday

Posted in Uncategorized

Initial Weekly Jobless Claims continue to rise

Published Date 6/16/2022 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