Dave Stevens discusses the psychology of this housing market and five things loan originators need to remember if they want to succeed now.
5 for 5 on Uneventful Trading Days; Next Week Should be Different Heading into this week, if we had to guess, we would have expected things to look about how they looked. Specifically, yields didn’t challenge the trading range and economic data wouldn’t have a huge impact on bonds. Perhaps that would have been different if the data fell farther from forecasts, but it didn’t, so we can only guess. Either way, we know the upcoming week contains bigger landmines and more of them. So if we had to guess, we would expect a range breakout to happen for better or worse, or at least rapid swings between range boundaries (i.e. 3.42 and 3.62 in terms of 10yr yields). Econ Data / Events Monthly Core PCE 0.3 vs 0.3 f’cast, 0.2 prev Annual Core PCE 4.4 vs 4.4 f’cast, 4.7 prev Incomes 0.2 vs 0.2 f’cast Spending -0.2 vs -0.1 f’cast Consumer Sentiment 64.9 vs 64.6 f’cast, 64.6 prev 1yr inflation expectations 3.9 vs 4.0 prev 5yr inflation expectations 2.9 vs 3.0 prev Market Movement Recap 09:04 AM moderately weaker overnight with losses occurring mostly in Asia. Slightly stronger after data. 10yr still up 1.8bps at 3.522. MBS down an eighth but illiquid. 11:18 AM Sideways grind in Treasuries, 10yr still at 3.522. MBS down only 1 tick now (-0.03). 03:03 PM Traction in MBS throughout the mid-day hours. 5.0 coupons up an eighth. 10yr yields up only 1.4bps now at best levels of the domestic session (3.518).
The housing market is on fire, with home prices up 20% today compared to one year ago. But if you thought that the market couldnât get any hotter, and that things might start to cool off soon, think again, as analysts believe there are yet more home price gains in store for 2022. Goldman Sachs […]
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These last two articles have focused on how common it is for early retirees to continue making money after they say goodbye to the cubicle. I share stories like that because I’ve seen it happen in so many lives, including my own. Plus, if you do it right, work isÂ fun. But the downside of all […]
12 Decor Items That Will Make Any Home Feel More Cozy Southern Living
Goldman Sachs, a multinational investment bank, forecasts home prices will fall further in 2023 than initially expected.
The U.S. economy expanded at a healthy pace in the fourth quarter, though an extended salvo of Federal Reserve interest-rate hikes is seen jeopardizing growth prospects this year. Gross domestic product increased at a 2.9% annualized rate in final three months of 2022 after a 3.2% gain in the third quarter, the Commerce Department’s initial … [Read more…]
Mortgage Rates Still in Good Shape After Fed Minutes Mortgage News Daily
Vanguard has released its January 2023 investment and economic forecasts, and there are some interesting projections that all investors should consider. The forecast predicts faster economic growth in China than in the U.S. or Europe. When looking at investments, Vanguard â¦ Continue reading â
The post Vanguard Sees Non-U.S. Equities, Emerging Market Bonds as Top Sectors in 2023 appeared first on SmartAsset Blog.
Americaâs debt ceiling was reached â again â on January 19, 2023 as the country exceeded its $31.4 trillion spending cap. The cap was raised to that amount in December 2021. As much terms like âceilingâ and âcapâ are used â¦ Continue reading â
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