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Real Estate News |
Like The Last CPI Never Even Happened
Wed, 15 May 2024 19:04:00 GMT
Like The Last CPI Never Even Happened The much anticipated CPI data was perfectly in line with expectations of 0.3% month over month at the core level. That's a far cry from the 0.17% needed to sustain a 2...[read more]
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Mortgage Rates Back Under 7% After Inflation Data
Wed, 15 May 2024 18:28:00 GMT
If it feels like we've been harping on the prospects for rate volatility in response to today's inflation data for several weeks (and we have), today is why. The Consumer Price Index (CPI) is the biggest reliable source of momentum for interest..[read more]
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Persistently High Rates Quash Builder Confidence
Wed, 15 May 2024 17:54:38 GMT
Builders' confidence in the new home market retreated this month , the first decline since last November. The National Association of Home Builders (NAHB) reports that the NAHB/Wells Fargo Housing Market Index (HMI) lost 6 points from its April level..[read more]
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Compliance, Processing Tools; Flagstar/JPM Warehouse Deal; Disaster Updates; Econ News Moving Rates Down?
Wed, 15 May 2024 15:37:30 GMT
Misconceptions and misunderstandings' Capital markets folks at the MBA conference next week should know that The Naked Cowboy in Times Square is not really naked. Soon after his presidency, Jimmy Carter (who's been on hospice care for 15 months) gave..[read more]
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CPI Perfectly Matches Expectations, Making For The Lowest Possible Volatility
Wed, 15 May 2024 14:29:32 GMT
First off: the bond market rallied after the CPI data came out and remains in much stronger territory vs yesterday. That said, the more context we add, the more underwhelming today becomes. As we advised yesterday, even an "as-expected" CPI wou..[read more]
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Refi Index Takes Advantage of Rate Drop
Wed, 15 May 2024 12:21:38 GMT
Lower interest rates gave a lift to refinancing activity for the second week but failed to do the same for those financing home purchases. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage loan application volume..[read more]
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Bonds Ready to go Big in Either Direction
Tue, 14 May 2024 20:45:05 GMT
Bonds Ready to go Big in Either Direction If you only had 1 day per month to allocate to watching the bond market and getting a sense of rate momentum, Wednesday, May 15th would be that day. Last month woul..[read more]
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Another "Nice" Day For Rates, But Tomorrow is The Real Story
Tue, 14 May 2024 20:31:00 GMT
We've been waiting for tomorrow since April 10th. That's the last time the Consumer Price Index (CPI) was released. This is one of the two official consumer-focused inflation indices in the U.S. and it comes out 2 weeks before the also im..[read more]
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Servicing, LOS, Risk Management, Warehouse Tools; Webinars, Training, and Events
Tue, 14 May 2024 15:50:28 GMT
Attendees are gearing up for the upcoming MBA Secondary Conference in Manhattan. Basketball fans know it as the home of Madison Square Garden and are hoping for the Knicks to play the Celtics during the conference. Manhattan is also the home of Centr..[read more]
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Big Miss in PPI Making For an Interesting Morning
Tue, 14 May 2024 13:04:25 GMT
The Producer Price Index (PPI) isn't in the same league as CPI when it comes to market movement potential, but as seen again this morning, it's no slouch. Bonds responded immediately and somewhat forcefully to the much higher monthly core numbe..[read more]
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