Mortgage News
Jun 23, 2017
Bond market trading have been a bit boring and flat this week. It may be due to the first week of summer and it's the kids first week out of school. Either way, it is a week without much significant economic data. This can all change quickly of course. There are no guarantees in the financial markets and keeping an eye out for any threat to the baseline is recommended....
Jun 21, 2017
Oil prices are falling into new lows for the year and according to financial media, is the inspiration for everything. Oil prices not only matter but have a varying level of impact on stocks and bonds as well. Markets hang on to the oil account as a clarification for market movements...
Jun 19, 2017
The last 3 trading sessions were 3 out of the 5 lowest closes for 10 year yields in 2017. The potential bounce that took shape after last week's Fed announcement was pushed back by Friday's strength.We witnessed the year's best levels on Wednesday morning, so there is a case to be made for not setting the bar too high when it comes to...
Jun 16, 2017
Today, the bond markets might not have a stellar performance. The ongoing rally has been confirmed. Considering that we're beginning the day in stronger territory and yesterday was the first time all year we have seen a consecutive close under 2.17%, we are far from giving up hope on a broader move toward lower yields. ...
Jun 14, 2017
By following the bond market, it is clear that the Fed is the most reliable explaination for shifts in momentum. Today brings the most robust sort of Fed announcement. the releases its economic projections on 4 of the 8 meetings each year.With today's Fed rate hike basically guaranteed, we can safely assume that the reaction in longer term rates is set. Now the focus will be on the aforementioned ...
Jun 12, 2017
Due to the plethora of data and scheduled events this week, it would be miraculous to not see some type of reaction in the bond markets. This would include Wedesday's Fed events and Yellen's press conference. There is also a raft of scheduled economic data set to release fairly consistantly throughout the week. Bookmark this page for mortgage rates:...
Jun 05, 2017
Looking at the week ahead, there are a few key events to come on Thursday. The first and least potent of the three market movers is the Britsh Prime Minister May's call for an early election.The European Central Bank Announcement is the second event. Although there hasn't been much buzz about this event, markets will continue to be on guard any sign of tapering.Finally, the Comey testimony could be a watershed moment in global politics or...
Jun 02, 2017
Today's significant data point and the most significant piece of scheduled economic data every month is NFP. It is a dominant force in guiding "big-picture" trading themes, especially when the economy is in the state of change. Bookmark this page for mortgage rates:•...
May 30, 2017
With only four tading days this week they still bring a more vulnerable economic data lineup compared to last week. The economic data will decide which technical zone we visit with ...
May 25, 2017
Tuesday introduced the possibility that yields were opting for upward momentum after bottoming out. The case would have been closed on the momentum reversal if we had seen additional weakness yesterday.Whatever happens in the part of this week should have little consequence now that we have seen that bounce. Bookmark this page for mortgage rates:...
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