Will mortgage rates go down? How inflation falling to 2.9% will affect … – inews
Will mortgage rates go down? How inflation falling to 2.9% will affect … inews
Will mortgage rates go down? How inflation falling to 2.9% will affect … inews
First Citizens Bank bought the deposits and loans of failed Silicon Valley Bank in a deal announced Sunday by the Federal Deposit Insurance Corporation, or FDIC. Â
Why mortgage rates will not return to recent lows any time soon The Conversation
Bank borrowing from the Federal Reserve’s discount window and newly established “super discount window” — as well as advances from the Federal Home Loan Bank System — have stabilized over the course of the week, indicating to some observers that the liquidity crunch that befell Silvergate Bank, Silicon Valley Bank and Signature Bank seems to … [Read more…]
Freddie Mac’s Primary Mortgage Market Survey showed on Thursday that the 30-year fixed-rate mortgage at 6.42% as of March 23, down 18 basis points from the previous week.
The Federal Reserve raised interest rates at a ninth straight meeting and indicated there may be more hikes to come in a clear sign it’s confident that its bid to quell inflation won’t deepen a nascent banking crisis. The Federal Open Market Committee voted unanimously to increase its target for the federal funds rate by … [Read more…]
The Fed has decided to forge ahead in its fight against inflation, despite several bank closures that have caused turbulence in the financial markets.
Absence of Data Leaves Even More Focus on The Fed If there happened to be some significant economic data today, or on the next two mornings, financial markets might wait to see what it implied before diving head-first into the pastime of overanalyzing Fed rate hike odds. With essentially no relevant data between now and then, the task at hand is clear: get in position for the Fed (if you’re not already) and react to any major developments in the banking sector. Monday’s early trading suggests markets are actually right about where they want to be after a bit of overnight volatility surrounding the UBS takeover of Credit Suisse. Econ Data / Events No significant econ data Market Movement Recap 09:16 AM 10s are currently down 2.6bps at 3.412. MBS are unchanged (5.0 coupons). 11:27 AM More legitimate weakness after an early bout of illiquidity. MBD down 3/8ths with at least a quarter point of losses vs AM highs. 10yr yields are up 3.2bps at 3.47. 02:13 PM Weakest levels of the day with MBS down just over half a point and 10yr yields up 5.4bps at 3.492. Stocks are up about 2/3rds of a percent.
Parties may submit separate bids for Silicon Valley Bridge Bank N.A. and its subsidiary Silicon Valley Private Bank, the FDIC says.Sundry Photography/Sundry Photography – stock.adobe WASHINGTON — The Federal Deposit Insurance Corp. says it will give potential suitors more time to bid for Silicon Valley Bank and will break up the bank, the latest steps … [Read more…]
While yesterday’s Credit Suisse concerns were serious, the last official major bank failure happened 5 days ago. That’s a very long time considering the way financial markets are trading. After all, a swift drop of more than half a percent in 10yr yields is a big deal. Or is it? A shorter term chart gives a distinctly different impression versus a longer term chart. Ask the latter and we’re just consolidating in a wide range–still waiting to see if inflation and economic data justify additional Fed tightening. The most definitive comments on that are likely to come from the Fed itself in just under a week.