Mortgage News
Oct 24, 2017
Today's mortgage rates rose to a 3-month high after news reports show informal favortism towards the POTUS potental Fed Chairman, John Taylor. John is seen as being less rate friendly than his competing candidate, Jerome Powell. The market has been senstive about how the next Fed Chairman will lead the world's largets and most influential bank, since Trumps announced yesterday that he is close to making his decision. As of now,...
Oct 19, 2017
Mortgage rates moved less than slightly lower today. Politics in Europe pushed stocks lower overnight and investors moved towards a safer haven asset, like bonds. The higher the demand for bonds rates get pushed lower, all things are equal.Bookmark this page for mortgage rates: ...
Oct 17, 2017
Last Friday afternoon, mortgage rates were at their finest levels in roughly a month. Since then, they have risen humbly over the past two business days. The day-to-day movement continues to be very tame, as it has been for a while now. The definite interest rates at the top of loan quotes seldom change from one day to the next. Rates seem to be attempting to push lower after increasing quickly from...
Oct 10, 2017
After waiting a day for trading to begin this week (due to yesterday's Columbus Day holiday), bond markets will stay in the same spectrum. We are waiting for the week's more relevant events and data. Those will begin tomorrow with two Treasury auctions and the Fed Minutes. Thursday brings the conclusion of the week's Treasury auction cycle and Friday brings the week's prime economic reports with the Consumer Price...
Oct 06, 2017
The job’s report was much weaker than expected but the mortgage rates did move higher today. Those are two things that hardly ever go together.The absurdity was made possible by the recent Hurricanes causing mayhem on the jobs counts for the month of September. Normally, weaker jobs data indicate economic weakness. A weaker economy normally can't support rates and stock prices as well as a stronger economy. That is...
Sep 29, 2017
This morning bought one of the more significant inflation metrics for the US economy through the "Incomes and Outlays" report. This report measures incomes and "outlays." This data also contains a PCE Price Index which is one of the first places the Fed looks to get an analysis on long-term, broad-spectrum inflation.If PCE advances, it could put a fold in bond market resilience as seen yesterday and earlier this...
Sep 26, 2017
Despite the fact that Treasury yields moved somewhat higher during the course of trading hours, today was another good day for bond markets....
Sep 19, 2017
The Fed Announcement Wednesday is one of the best-telegraphed in Fed history. Multiple speakers have stated that the Fed will begin narrowing its balance sheet reinvestments at this meeting. That means they'll be purchasing less Treasuries and MBS--an apparent net-negative for bond markets and a source of rising pressure for rates. Bookmark this page for mortgage ...
Sep 15, 2017
Yesterday's British shocker was an aggressive declaration from the Bank of England. There is a certain intangible importance sur...
Sep 13, 2017
Mortgage rates are holding steady today, and slightly lower in some cases. That is not entirely logical at first glance because the bonds that dictate mortgage rates proposed the opposite. Bonds did improve by the end of the day yesterday. However, lenders did not account for that enhancement by shifting rates yesterday. Instead, adjustments were made with this morning's rate sheets. Bonds stronger this morning and...
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