Understanding the seasonal patterns of mortgage rates – HousingWire
Understanding the seasonal patterns of mortgage rates HousingWire
Understanding the seasonal patterns of mortgage rates HousingWire
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Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. But that followed six days without a fall, five of which showed rises. And averages remain noticeably higher than […]
Posted To: MBS Commentary
Very Tame Reaction to The Fed Despite Bond-Friendly Message Bonds took a bit of a lead-off heading into today's Fed announcement as 10yr yields flirted with a break below 1.0% for the first time since cresting that level in early January. As expected and hoped, the Fed statement was a snoozer. If anything, it was bond-friendly and Powell's press conference even more so. Still, bonds barely budged. Stocks were much more volatile with S&P futures falling more than 3% by the end of the day. Last but not least, here's an obligatory Game Stop price update: 339.7 at the close, more than doubling yesterday's close. Econ Data / Events Fed UMBS Schedule 10am, 1130am, 1pm Durable Goods: 0.2 vs 0.9 ( Core CapEx : 0.6 vs 0.6) Market Movement Recap 09:09 AM Bonds rallied moderately overnight…(read more)
Renters living in predominantly Hispanic or black neighborhoods have to spend more of their income on rent than those in white communities.
The Fed won’t keep interest rates near zero forever â hereâs what to do now CNBC
While financing costs are still low enough to offset sticker-shock from rising home prices, a slight increase in the average 30-year conforming rate weighed on borrowers, according to the Mortgage Bankers Association.
Today’s mortgage and refinance rates Average mortgage rates edged lower yet again yesterday. And they’re now tantalizingly close to the all-time low. But early signs in markets suggest the recent […]
Posted To: MBS Commentary
MBS Outperform Treasuries Thank to Light Supply at Fed Buying Operation Treasuries didn't gain any new ground today, but it's a bit of a victory to simply hold below the recent floor at 1.075%. Moreover, MBS outperformed after sellers offered up very light supply in the Fed's 30yr Fixed UMBS buying operation today. By the close, UMBS 1.5 and 2.0 coupons were both up at least an eighth of a point while Treasuries weren't any better than unchanged. All in all, it was an extremely calm trading session. Durable Goods data in the morning tomorrow followed by a Fed Announcement at 2pm ET. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Case Shiller Home Prices (y/y) 9.1 vs 8.6 f'cast, 8.0 prev FHFA Home Prices (y/y) 11.0 vs 10.3 prev Consumer…(read more)
How To Get The Best Mortgage Rate Forbes