Published Date 9/19/2022 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…
Published Date 9/19/2022 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…
Published Date 9/19/2022 The 10 yr. broke above its technical resistance at 3.47%, at 8 am ET 3.50%; MBA prices at 8 am -37 bps from Friday. US stock indexes under pressure, at 8 am DJIA…
Published 9/16/22 Upside Surprise in Inflation The driving force behind the movement in mortgage rates in recent months is clear, and the latest news was not favorable. In the highly anticipated CPI report, inflation was…
Published Date 9/16/2022 Last night though the 10 briefly exceeded the resistance level at 3.47% increasing to 3.48% then slipped back to unchanged from yesterday at 3.45% at 8:30 am ET this morning. No end in…
Published 9/9/2022 ECB Raises Rates During a light week for economic data, investors were focused on U.S. and European central bankers. There were no surprises from the European Central Bank (ECB) or U.S. Fed Chair…
Published Date 9/9/2022 At 8 am ET the 10 at 3.25% -7 bps and FNMA 5.0 30 yr. coupon +30 bps, yesterday the coupon was down 33 bps. Marking time ahead of inflation reports next Tuesday…
Published Date 9/8/2022 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 Date 9/7/2022 This morning the 10 yr. -3 bps at 8 am ET after increasing 14 bps and MBS prices +8 bps. Stock indexes yesterday were lower, in futures trading this morning the indexes were…
Published Date 9/6/2022 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 9/2/2022 Mixed Labor Market Data Investor concerns about stubbornly high inflation levels and the aggressive response by global central banks increased this week, while the major economic reports were roughly neutral overall. As a…
Published Date 9/2/2022 August employment data: unemployment rate 3.7% +2.0% from July (expectations 3.5%). NFP jobs 315K (expectations 293); private jobs +308K (expectations 280K). Average hourly earnings +0.3% (expectations +0.4%), yr./yr. +5.2% (expectations 5.3%). Labor participation…
Published Date 9/1/2022 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…
