Mortgage News
Sep 08, 2017
Bonds have been on a tear lately, simply breaking to the bottommost yields of the year this week after some probing efforts last week. Geopolitical risk surrounding North Korea has been the centerpiece of the market's move away from risk, or so they say.North Korean headlines have certainly aided as purchasing opportunities for bonds, but if this were a true "risk-off" move, we would expect to see more contribution...
Sep 07, 2017
Consumer sentiment regarding whether it is a good time to buy or to sell a home continues to wander as rising home prices impact both. Fannie Mae said net optimistic replies in its August National Housing Survey (NHS).to whether it is a good time to sell rose 8 points while the good time to buy sentiment went down by 5, adding to its 7 point drop in July. At 18 percent, the last response set its second new low in as many months,...
Sep 01, 2017
Traders typically drop off at mid-day when European markets close. Today bond markets is a ghost town. Before that, yields had done a nice job of returning inside yesterday's trading range....
Aug 30, 2017
We have seen it before and we'll likely see it again. Bond markets (and most other markets) respond rapidly to some unforeseen headline, moving to levels they otherwise may not have seen, th...
Aug 24, 2017
Mortgage rates haven't moved much at all recently. Most lenders didn't move enough from yesterday for there to be any obvious transformation in today's rate sheets. It's just another day with the lowest rates of the year.In part, the indirect grind is a symptom of the summertime trading environment for bond markets. Traders tend to take stronger stands heading into the Fall months and upcoming events will provide...
Aug 14, 2017
Are labor shortages getting worse? About a month ago, the National Association of Home Builders seized on the May Job Openings and Labor Turnover survey report as an indication that the constricted construction labor market might be relaxing. The report indicated a decline in the amount of untaken job openings. The scarcity of skilled labor has been mentioned by NAHB as one reason for the slow salvage of the residential...
Aug 11, 2017
Inflation data became an outcast for most of the financial crisis recovery after the long reign of the most meaningful market mover. Now inflation data matters. Many market motivators have a tendency to ignore recent track records if it has consistantly been a certain way in the past.July was the start of the taper tantrum, and it was the first time that markets had the task of trying to make sen...
Aug 03, 2017
Mortgage rates have been holding steady, keeping them in line with the best levels in just over a month. Which means, qualifies borrowers that are putting down more than 20% are seeing conventional 30yr fixed rates at about 4%. It is always recommended to compare lender-related fees when comparing rates. Bookmark this page for mortgage rates:...
Jul 31, 2017
Due it being the end of the month, we might see some random momentum. As for the week ahead, there is a slew of top-tier economic data, some being very important. Tomorrow is the year-over-year Core PCE. As is typically the case for the first week of any given month, we'll also get ISM data, ADP Employment, and Nonfarm Payrolls....
Jul 28, 2017
This week was all about Tuesday for bond markets. tha day woud be considered rather violent and took yields from about 2.25 to 2.34. We are waiting to break outside of Tuesday's yields before we can draw any conclusions on the next move. Yesterday was net-positive for bonds but there was a counterpint since bonds faild to react the big selling-spree. Bookmark this page for mortgage rates:...
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