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 8/11/2022 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…
Published Date 8/3/2022 This morning the 10 yr. began 4 bps higher to 2.79%, MBS prices began the day 27 bps lower after yesterday’s 81 bp decline. US stock indexes in early pre-open trade were slightly…
Published 7/29/2022 GDP Declines Economic growth during the second quarter was weaker than expected, which was favorable for mortgage markets this week. The Fed meeting revealed no surprises and caused little reaction. As a result,…
Published Date 7/29/2022 At 8:30 am ET June personal income and spending were better than estimates; income up 0.6% on expectations of +0.5%, spending expected +0.9% increased 1.1%. The Fed’s inflation data, PCE stronger than thought.…
Published Date 7/28/2022 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 7/27/2022 The 10 yr. began the day down 2 bps to 2.78%, MBS prices 11 bps better. Today is the day markets have been talking about the last two weeks. This afternoon at 2…
