|
|
|
Real Estate News |
Wild Ride For Rates After Stunning Jobs Report
Fri, 03 Feb 2023 21:34:00 GMT
Interest rates take cues from several places. Regularly scheduled economic data is always a consideration because a stronger economy implies more growth and tighter Fed policy, both of which are bad for rates. Certain reports carry significantly mor..[read more]
|
Perfect Storm Leaves Rate Range Perfectly Intact
Fri, 03 Feb 2023 21:31:45 GMT
Perfect Storm Leaves Rate Range Perfectly Intact Coming into the week, yields were near the top of a narrow range (3.4-3.56 give or take). With both ISM reports, the jobs report, and policy announcemen..[read more]
|
Big Double Whammy For Bonds, But With a Few Caveats
Fri, 03 Feb 2023 17:34:51 GMT
While we may not have a great explanation or even the capacity to believe it, nonfarm payrolls came in at 517,000 this morning versus a median forecast of 185,000. The bond market has reacted about like you'd expect: with a large, immediate sel..[read more]
|
Enterprise Sales; Staffing, Compliance, Tools; Angel Oak Security; Events and Training; Surprise Jobs Number
Fri, 03 Feb 2023 14:31:50 GMT
Fun with numbers! 1: the number of Chinese surveillance balloons over Montana. (That we know of.) Did you know that the last day of 2023 is 123123? (You heard it here first!) While we're on random numbers, Atlanta has almost 25 thousand surveillance ..[read more]
|
Bonds Talked Into Modest Gains by Europe
Thu, 02 Feb 2023 20:52:39 GMT
Bonds Talked Into Modest Gains by Europe US bond traders didn't necessarily come into work with the intention of adding to yesterday's rally. It was only after European bonds exploded into stronger territor..[read more]
|
Mortgage Rates Back Under 6% For First Time in Months, But Just Barely
Thu, 02 Feb 2023 20:52:00 GMT
Mortgage rates responded favorably to yesterday's press conference with Fed Chair Powell. We discussed that move in detail in yesterday's commentary: Fed Hikes Rates. Mortgage Rates Drop. Here's How That Works. Now today, the average lender im..[read more]
|
Europe Driving Gains While US Bonds Resist
Thu, 02 Feb 2023 16:21:03 GMT
Today's big story is the European bond market's reaction to the European Central Bank (ECB) announcement. The hike was as-expected, but the ECB also said the next rate hike is already locked in for March at which point it will reevaluate. ..[read more]
|
Bidding, Credit Verification, DPA, Warehouse, Marketing, Disaster Alert, TPO Products
Thu, 02 Feb 2023 14:54:45 GMT
Happy Groundhog Day, where the rodent saw its shadow this morning, so plan on six more weeks of winter. There's an old Yiddish proverb "We plan, God laughs.' Lots of people plan on owning a home, and will need financing. (Today's podcast features an ..[read more]
|
Fed Hikes Rates. Mortgage Rates Drop. Here's How That Works
Wed, 01 Feb 2023 21:48:13 GMT
For some, this will be old hat. For others, there's a mystifying dynamic that demands explanation. The confusion stems from years of being conditioned to believe that when the Fed "hikes" or "cuts" rates that mortgage rates move according..[read more]
|
Markets Surprisingly Surprised by Unsurprising Powell Comments
Wed, 01 Feb 2023 21:08:14 GMT
Markets Surprisingly Surprised by Unsurprising Powell Comments We were pretty sure we knew what Powell would generally say in today's press conference. He turned out to be generally predictable. After..[read more]
|
|
|
