Published Date 7/13/2022 Inflation on fire; June CPI expected to have increased to 8.8% annually, increased 9.1% a huge miss compared to consensus estimates; the highest inflation in 41 years (1981). Core prices, a measure that…
Published Date 7/13/2022 Inflation on fire; June CPI expected to have increased to 8.8% annually, increased 9.1% a huge miss compared to consensus estimates; the highest inflation in 41 years (1981). Core prices, a measure that…
Published Date 7/12/2022 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 7/11/2022 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 7/8/2022 June unemployment rate remained at 3.6% as was thought. Non-farm jobs, expected at 270K increased by 372K; private jobs were estimated at 228K, increased 381K. The labor participation rate expected unchanged from may…
Published Date 7/7/2022 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…
COMMODITY PRICES UNDER PRESSURE AS CRUDE OIL DROPS $9 Published Date 7/6/2022 Overnight the 10 yr. note yield increased a little to 2.83% from 2.80%, this morning in US trading more buying, at 8:30 am ET…
Published Date 7/5/2022 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 7/1/2022 Economic Growth Concerns With global central banks aggressively tightening monetary policy to fight inflation, investors reduced their outlook for economic growth. As a result, mortgage rates declined from the highest levels since 2008…
Published Date 7/1/2022 At 8 am ET 2.93% -4 bps, MBS prices at 8 am +33 bps. Stock indexes lower in pre-open trading, the DJIA down 61 after being down as much as 150 very…
Published Date 6/30/2022 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 6/29/2022 In overnight trading the 10 yr. note dropped to 3.12%, down 7 bps from yesterday’s US close, by 8:30 am ET this morning the note increased to 3.17% -2 bp. MBS prices…
Published 6/24/2022 Home Sales Mixed With global central banks aggressively tightening monetary policy to fight inflation, this week investors reduced their outlook for economic growth. As a result, mortgage rates declined from the highest levels…
