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Three news feeds are on this page. Mortgage Daily News is below, followed by the Christian Science Monitor, and finally "Your Money" articles from the New York Times. I hope you enjoy these perspectives. |
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| Mortgage Rates Drift Inconsequentially Higher | ||
| 12/6/2022 3:57 PM | ||
| This week continues to be a placeholder ahead of more consequential events coming up in the week ahead. Specifically, next Tuesday and Wednesday"s combination of the Consumer Price Index and the Fed announcement will unequivocally set the tone for rates heading into the end of the year and possibly beyond. Between now and then, there"s not m...Read More | ||
| Mystery Rally Gets Bonds Back in The Green | ||
| 12/6/2022 3:39 PM | ||
| Mystery Rally Gets Bonds Back in The Green Both Tuesday and Wednesday are effectively free from market-moving economic data, Moreover, nothing this week has to offer can come close to next week"s CPI/Fed combo. That leaves bonds to drift without much conviction until next Tuesday and today fit t...Read More | ||
| What"s Next For Bonds if The 10yr Drops Below 3.5%? | ||
| 12/6/2022 11:23 AM | ||
| Today"s trading session is effectively data-free in the US with the never-market-moving International Trade report the only data on the calendar. Bonds were willing to respond to broad economic implications of covid policies in China as well as econ data in Europe, but none of the above was worth a range breakout for Treasuries in the overnig...Read More | ||
| Mortgage Rates Start Lower, But Finish Higher | ||
| 12/5/2022 3:08 PM | ||
| Mortgage rates ended last week very close to their lowest levels in more than 2 months after Fed Chair Powell essentially confirmed next week"s rate hike would be smaller than the last. This wasn"t necessarily new news based on speeches from many other members of the Fed, but markets were more willing to react to Powell himself. Friday...Read More | ||
| Black Knight Home Price Data at Odds With Recent FHFA Move | ||
| 12/5/2022 2:46 PM | ||
| Black Knight released its Mortgage Monitor report today--always a treasure trove of robust housing/mortgage-related data. Of particular interest this time around is the ongoing price declines seen in Black Knight"s Home Price Index (HPI)--especially as they relate to the recent FHFA HPI data that influenced new conforming loan limits. To be ...Read More | ||
| Weaker Start on Data and Fed Anxiety | ||
| 12/5/2022 2:22 PM | ||
| Weaker Start on Data and Fed Anxiety Bonds got off to a weaker start in the new week on a variety of factors. Over the weekend, a few Fed pundits shared more hawkish outlooks, including the WSJ, which pointed out that a 50bp Fed hike could be offset by the higher terminal rate in the dots. Marke...Read More | ||
| Countdown to CPI Continues | ||
| 12/5/2022 10:21 AM | ||
| The importance of the Consumer Price Index (CPI) cannot be overstated for most of 2022. That"s doubly true in November and December. The Nov 10th iteration rocked the market (in a good way). The Dec 13th iteration has the power to confirm or refute November"s takeaway, and it"s now only 8 calendar days away. If it feels like...Read More | ||
| Fulfillment, Social Media Compliance, Jumbo Products; Conforming Conventional Changes | ||
| 12/5/2022 8:21 AM | ||
| “Hey Chet, since you’re the new guy here with the park U.S. Geological Survey in Hawai’i, you’re going to be the one placing the live cam on the volcano for our YouTube feed. Splendid! We’ll be behind you all the way.” (Apply to mortgage banking however you see fit.) Scooting back to lending, I am occasionally asked about high balance conforming co...Read More | ||
| Bonds Ultimately Shrug Off Stronger Jobs Data | ||
| 12/2/2022 3:12 PM | ||
| Bonds Ultimately Shrug Off Stronger Jobs Data Today saw a fairly impressive round trip for rates following the stronger-than-expected jobs report. The initial reaction was clear and unsurprising. NFP (and especially wages... recently mentioned by Powell) came out higher and rates immediately jum...Read More | ||
| Rates Dream of Green Christmas With Help From The Fed | ||
| 12/2/2022 2:48 PM | ||
| As far as financial markets are concerned, a green Christmas is better than anything Bing Crosby could have crooned about. Green is the color that flashes when markets are improving or when interest rates are falling. Green, for lack of a better word, is good. For mortgage rates, it"s been an especially difficult year. They"ve risen at the f...Read More | ||
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