We will want to see the market stay below 3.45% which correlates to the 8 day moving average. Any close above that yield will turn the market in favor of a higher mortgage rates
Just a note as we shut the market down for [...]
It’s been all about stocks today as earnings season (Q2) is in full swing
It’s been all about stocks today as earnings season (Q2) [...]
Potential mortgage price changes for the better should be around the corner, given that current levels hold
Results of the 10 year auction just hit the tape, [...]
Looking at the bigger picture, it’s hard to see much of any growth coming from a consumer that is becoming increasingly delinquent on credit card debt, home improvement loans, and quality first mortgages
After an early morning dip, notes, bonds, and mortgage backs [...]
Light news week ahead “should” keep the market quiet. Stocks and the auctions will spark the volatility.
The market has taken a moment to catch its breath, [...]
Expecting 1% to 1 ½% growth could be in vogue for years. What this means for our mortgage industry is a period of low rates well into the future.
Just like a blind squirrel finding a nut every once [...]
Many of the Wall Street firm are in our same neighborhood, looking for Nonfarm Payrolls to fall 500K plus. Given any number over 400K, we would expect bonds and mortgage pricing to hold their own or rally slightly. Given a number of 500K plus (losses), improvement in mortgage pricing of .50 bps would not be a surprise.
Nonfarm Payrolls – Minus 363K Unemployment Rate – 9.6% Average [...]
With housing affordability at an all time high and 8K from Uncle for first time buyers, the improvement is meager at best.
Report. Citing job losses of 473K with the Unemployment Rate [...]