Rates Ticking Lower As Wage Growth Misses The Mark
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 decline 1K as released down 12K. On […]
Jobless Claims Fall For The 4th Week In A Row
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 day, being affected by a variety of […]
Rates Flat As The Services Side Of The US Economy Shows Improvement
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 day, being affected by a variety of […]
Low Single-Family Housing Inventory Persists As The Decade Begins
While getting perspective on what the real estate market was like a decade ago can help make you appreciate the current market, it won’t make some realities disappear. Back in 2010, many homeowners were desperately hoping to hang on to their homes. Others were simply desperate, doing everything they could to attract buyers. Those buyers […]
Three Things That Can Cause Rate Volatility This Week
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 the day, being affected by a variety […]
US Airstrikes Spike Market Volatility
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 authorized by President Trump. “We don’t seek […]
Jobless Claims Edge Lower To 222,000 To End 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 day, being affected by a variety of […]
Three Things Rate Markets Will Focus On Heading Into The New Year
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 the day, being affected by a variety […]
Is There A Problem Coming With Corporate Debt?
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 markets coping with negative rates. The belief […]
Rate Flat As Building Permits Hit A 12-Year High
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 day, being affected by a variety of […]
