Published Date 8/16/2022 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…
Published Date 8/16/2022 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…
Published Date 8/15/2022 Last week the stock indexes had strong gains, the interest rate markets generally unchanged. This morning stock indexes traded weaker, the 10 yr. note began –4 bps at 2.79%, MBS prices at 9…
Published Date 8/15/2022 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…
Published 8/12/2022 Inflation Moderates Two opposing forces influenced mortgage markets this week. Lower than expected inflation data was very welcome news to investors, but an aggressive tone from the Fed was not. The net effect…
Published Date 8/12/2022 Rate markets started strong on lower inflation on July PPI data but by mid-day selling took over. Yes, inflation is slowing but after thinking about it traders turned around realizing that 8.5% inflation…
Published Date 8/11/2022 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…
Published Date 8/10/2022 July CPI even better than forecasts. July CPI 0.0% against +0.2% forecasts and down from +1.3% in June; yr./yr. +8.5% against expectations of +8.7% and down from June’s +9.1%. Core CPI (ex food…
Published Date 8/8/2022 Last Friday the July employment data, one of the biggest misses we’ve seen; jobs increased 528K twice what was forecast, private jobs +471K almost twice the estimates; average hourly earnings +0.5% on thoughts…
Published Date 8/8/2022 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…
Published 8/5/2022 Strong Job Gains Stronger than expected economic data was unfavorable for mortgage markets this week. In particular, the key labor market report far exceeded the forecasts, and mortgage rates ended the week higher.…
Published Date 8/5/2022 The July employment report, another surprise. Non-farm jobs were expected at 250K with some guessing 200K; as reported jobs increased 528K. Private jobs expected at 220K increased 471K. The unemployment rate expected unchanged…
Published Date 8/4/2022 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…
