Published Date 8/26/2022 Yesterday, the eve of Powell’s speech the 10 yr. yield fell 8 bps and MBS prices declined 35 bps; traders and investors lightening up ahead of what Mr. Powell will reveal when he…
Published Date 8/26/2022 Yesterday, the eve of Powell’s speech the 10 yr. yield fell 8 bps and MBS prices declined 35 bps; traders and investors lightening up ahead of what Mr. Powell will reveal when he…
Published Date 8/25/2022 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 8/24/2022 The day began quietly, stock indexes in futures markets unchanged, the 10 yr. note 3.07% +2 bps. MBS prices at 8:30 am ET -12 bps from yesterday. No change in what markets are…
Published 8/19/2022 European Inflation Surges The inflation data in Europe released this week revealed sharp increases, which caused global bond yields to rise, including U.S. mortgage rates. The U.S. economic news had little impact. While…
Published Date 8/19/2022 Yesterday US financial markets were extremely quiet for a change, the interest rate market and MBSs generally unchanged, so too were the stock indexes. Not so this morning. Inflation fears extended in Japan…
Published Date 8/18/2022 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…
Published Date 8/17/2022 Treasuries and MBSs began weak this morning, the 10 yr. note yield at 9 am 2,87% +5 bps, MBS pries -28 bps. Headline July retail sales were weaker than expectations, most of the weakness…
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…
