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Month: October 2022

Mortgage Market News for the week ended October 28, 2022

Published 10/28/2022 Inflation Matches Expectations This week, investors scaled back their outlook to a slightly less aggressive pace of monetary policy tightening by global central bankers to fight inflation. As a result, mortgage rates ended

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Markets calm to start this week

Published Date 10/24/2022 MBS prices higher after one of those crazy hours Friday from 4 pm ET to 5 pm. Stock indexes traded better in pre-open futures markets. There are no economic releases today. One week

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Three things that can impact rates this week

Published Date 10/24/2022 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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Mortgage Market News for the week ended October 21, 2022

Published 10/21/2022 Home Sales Fall Central bankers around the world maintained their aggressive stance on tightening monetary policy to fight inflation this week. As a result, mortgage rates reached the highest levels in over twenty

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Markets are bouncing back ahead of the weekend

Published Date 10/21/2022 The 10 yr. note and the reset of the curve started with more volatility this morning, the 10 yr. at 7 am ET 4.32% +9 bps, at 9 am 4.25% +2 bp. The

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Markets calmer despite international drama

Published Date 10/20/2022 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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Extreme volatility returns

Published Date 10/19/2022 The 10 yr. note increased this morning, taking out the recent high. Stock indexes cooled a little yesterday, up but generally unchanged; this morning in futures trading the DJIA -176, NASDAQ -71, S&P

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Markets improve on industrial data

Published Date 10/18/2022 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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Markets start better this week

Published Date 10/17/2022 Last Friday the 10 yr. note increased 8 bps, this morning it began down 8 bps, MBSs last Friday -34 bps, this morning +44 at 8:30 am ET. Last Friday stock indexes were

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THREE THINGS THAT COULD IMPACT RATES THIS WEEK

Published Date 10/17/2022 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

Posted in Uncategorized

Mortgage Market News for the week ended October 14, 2022

Published 10/14/2022 High Inflation The most anticipated economic data this week, the key CPI inflation report, was higher than expected. As a result, mortgage rates increased a bit. The Consumer Price Index (CPI) is a

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Consumer Price Index sets inflation records for September

Published Date 10/13/2022 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