Rates Ticking Lower As Wage Growth Misses The Mark

  • admin
  • January 10, 2020

Dec employment data this morning; non-farm jobs +139K (158K expected), private jobs +139K (150K expected). Unemployment rate as expected unchanged at 3.5%. Average hourly earnings +0.1% (expected +0.3%), yr/yr average earnings +2.9% down from 3.1% in Nov. Manufacturing jobs continue to decline; the estimate was for those jobs to…

Jobless Claims Fall For The 4th Week In A Row

  • admin
  • January 9, 2020

TODAY'S MORTGAGE RATE SUMMARY HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the…

Three Things That Can Cause Rate Volatility This Week

  • admin
  • January 6, 2020

THIS WEEK'S MORTGAGE RATE SUMMARY HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout…

US Airstrikes Spike Market Volatility

  • admin
  • January 3, 2020

By now, you know the US attacked and killed one of Iran’s top generals and sent global markets reeling in response to the threat of an “imminent attack.” Qassem Soleimani, who led proxy militias that extended Iran’s power across the Middle East, was killed in a strike in Baghdad…

Jobless Claims Edge Lower To 222,000 To End 2019

  • admin
  • January 2, 2020

TODAY'S MORTGAGE RATE SUMMARY HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the…

Is There A Problem Coming With Corporate Debt?

  • admin
  • December 27, 2019

Interest rate markets are quiet today. Stocks continue to rally. It doesn’t seem there is any near term end to the gains in equities and demand for US corporate debt either. Corporate bond purchases this year totaled $100B, mostly from foreign investors looking for any yield with most major…

Rate Flat As Building Permits Hit A 12-Year High

  • admin
  • December 26, 2019

TODAY'S MORTGAGE RATE SUMMARY HOW RATES MOVE: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the…

The Apply NowSmart Choice for your
Home Mortgage Needs