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 News Daily Feed & Christian Science Monitor:
Pleasant PPI Paradox Leaves This Week"s Big Victory in Focus
7/12/2024 3:44 PM
Pleasant PPI Paradox Leaves This Week"s Big Victory in Focus The Producer Price Index (PPI) introduced a brief but disconcerting threat to this week"s relative level of triumph (courtesy of yesterday"s CPI) by suggesting a big, unexpected surge in core inflation at the wholesale level.  Bonds initially...Read More
Mortgage Rates Shrug Off Seemingly Threatening Inflation Data to hit 5 Month Lows
7/12/2024 3:23 PM
Yesterday was all about the CONSUMER Price Index (CPI), which helped mortgage rates drop at the 2nd fastest pace of the year.  Today brough the PRODUCER Price Index (PPI), and the message was a bit different. While PPI is not in the same league as CPI in terms of its impact on rates, there have been several recent examples that have left a ma...Read More
Bonds Holding Yesterday"s Gains Despite Hotter PPI
7/12/2024 10:40 AM
The Producer Price Index (PPI) is certainly not in the same league as CPI when it comes to bond market impact, but there have been several notable reactions in the past year.  It was a concern, then, to see core PPI come in 0.2 higher than expected and for last month to be revised 0.3 higher.  But while there was an initially negative rea...Read More
HMDA Data, Correspondent and Wholesale Products; Inflation and Rate Updates
7/12/2024 10:37 AM
“I’m sorry, but you can’t always be ‘experiencing a higher volume of calls than average.’ That’s not how averages work.” The “average” person has a student loan, or a car loan, or credit card debt, or all three. Throw in mortgage interest rates around 7 percent, homeowner’s insurance of possibly thousands of dollars, utilities, property taxes, main...Read More
Very Restrained Bond Rally Considering The Data"s Implications
7/11/2024 3:42 PM
Very Restrained Bond Rally Considering The Data"s Implications Today"s CPI data was hotly anticipated, to say the least, and it did a borderline heroic job of advocating for a huge drop in rates.  Not only did the core M/M number drop to an unrounded 0.065 (implies core annual inflation UNDER 1.0%) but...Read More
Mortgage Rates Drop Sharply After Inflation Data
7/11/2024 2:53 PM
Rates were prepared to make a big move in one direction or the other heading into today"s high stakes inflation data.  Fortunately, the Consumer Price Index (CPI) came in quite a bit lower than expected, leading to a sharp decline in rates at the average lender.   30yr fixed rates had already trickled back below 7% yesterday.  ...Read More
CFPB Proposed Rule, Correspondent and Wholesale Products; CPI and Employment Driving Rates
7/11/2024 10:40 AM
I have good news and bad news, which do you normally prefer receiving first? Today (7/11) is Slurpee Day at 7-Eleven (good news), where Citigroup executives might want to head to cheer themselves up after the Federal Reserve Board on Wednesday fined Citigroup $60.6 million (bad news, at least for them) for violating the Board"s 2020 enforcement act...Read More
This is The Inflation Data You Were Hoping For
7/11/2024 9:47 AM
The Consumer Price Index (CPI) is the most important economic report for the bond market these days.  The most important line item in that report is month over month core CPI, which excludes food and energy.  That number was forecast to hit 0.2% but instead came in at 0.1, rounded up from 0.065.  That means if this report were r...Read More
No New Inspiration Ahead of Thursday"s CPI
7/10/2024 3:04 PM
No New Inspiration Ahead of Thursday"s CPI We"ve officially run out of ways to characterize the boring, sideways grind in the bond market that"s been intact since last Friday afternoon.  One would think that with Fed Chair testimony and a Treasury auction cycle that we"d at least some moderate volatili...Read More
Mortgage Rates Tick Back Below 7.0%, But Just Barely
7/10/2024 2:44 PM
Mortgage rates have been in a narrow range for more than a month now with the average top tier 30yr fixed rate staying within striking distance of the 7.0% mark for the entirety. The number was 7.01 yesterday and it"s down to 6.99 today.  This matches the level last seen on June 14th and you"d have to go back to March to see anything much lowe...Read More

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Your Money Articles from New York Times:
Why Some People Don’t Talk About Money With Their Partner
6/28/2024 8:00 AM
A new report finds that people stressed about their finances are often worried that discussing it will lead to an argument. But experts say conversations can help...Read More
A Major Part of Biden’s Student Loan Repayment Plan, SAVE, Is Restored
7/1/2024 4:37 PM
Federal appellate judges ruled that the Biden administration’s new student loan repayment plan could continue to operate as legal challenges to the program work their way through the courts...Read More
How to Choose the Right Organized Tour
7/3/2024 4:00 AM
Group size, participants’ age range, style of travel and budget are among the factors you should consider when selecting an itinerary...Read More
Why the Egg Freezing Industry Is Booming
6/29/2024 4:00 AM
Mine is the first generation that has corporate benefits for a technology with the potential to slow the biological clock. Is it feminist dream or Silicon Valley fantasy...Read More
Jonathan Clements, Longtime Personal Finance Columnist, Has Cancer
7/13/2024 2:01 AM
Jonathan Clements, a longtime personal finance columnist for The Wall Street Journal, has a lot of savings. He’s not mad that a fatal illness will keep him from spending it...Read More
How to Avoid Vacation Rental Fees? Book Direct.
7/12/2024 4:01 AM
It takes some work to find a rental you can book directly, but the payoff can be significant...Read More
For L.G.B.T.Q. People, Moving to Friendlier States Comes With a Cost
7/11/2024 4:01 AM
Laws targeting gender-affirming care have uprooted thousands. But places that are more supportive can also be more expensive...Read More
An Island-to-Island Yacht Cruise in Croatia
6/24/2024 4:00 AM
A 30-percent-off Black Friday sale on a cruise aboard a yacht meant off-season sailing and being prepared for the unexpected...Read More
Investing Can Be Boring. Some Financial Advisers Prefer It That Way.
6/21/2024 11:00 PM
For many financial professionals, investing is just a tool to help people achieve their meaningful life goals...Read More
Tips for Renting an E.V. for Your Summer Vacation
6/26/2024 5:15 PM
Even with more fast-charging stations available, having a smooth electric vehicle experience still takes planning, our columnist found...Read More

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