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Real Estate News |
Bonds Rattled By Surprisingly Big Beat in Spending Data
Thu, 25 Apr 2024 20:01:48 GMT
Bonds Rattled By Surprisingly Big Beat in Spending Data Today's big surprise was the PCE price index component of Q1 GDP. GDP itself was weaker than expected, but even that was explained away by components ..[read more]
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Mortgage Rates Jump Up And Over 7.5% After Inflation Surprise
Thu, 25 Apr 2024 19:50:00 GMT
Interest rates care about quite a few different things, but inflation and Fed policy are two of the biggest considerations. One of the Fed's favorite ways to track progress on inflation is the PCE price index which comes out every month, but al..[read more]
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Electronic Bidding, MORA, Processing, Marketing Tools; CFPB and Servicing Fees, Mortgage Fraud Case
Thu, 25 Apr 2024 15:40:04 GMT
I travel a little bit, so it was with great interest that I read, "The Department of Transportation' will soon require airlines to quickly refund passengers if they cancel, delay, or make significant changes to flights.' "A book hit my head, and I ha..[read more]
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Quarterly PCE Data Causing Concern Over Tomorrow's Monthly Numbers
Thu, 25 Apr 2024 15:37:25 GMT
It's a bit of a tricky morning in the bond market when it comes to reconciling the data with the market movement. At face value the headlines make a better case for lower rates with GDP at 1.6 vs 2.5, wholesale inventories missing big and Joble..[read more]
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Uneventfully Weaker Regardless of Durable Goods Data
Wed, 24 Apr 2024 20:43:21 GMT
Uneventfully Weaker Regardless of Durable Goods Data Bonds were weaker in the overnight session on a combination of anxiety over potential sales of US Treasuries in Japan and European economic data. The dom..[read more]
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Mortgage Rates Pleasantly Stable Despite Some Bond Market Weakness
Wed, 24 Apr 2024 20:10:00 GMT
The average mortgage lender was able to offer conventional 30yr fixed rates that were very close to yesterday's levels despite bond market movement that suggested a bigger spike. In a vast majority of cases, if the bond market is in weaker terr..[read more]
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Data Mining, Servicing, Marketing Products: Check Your Noncompete Agreement; Training Next Week
Wed, 24 Apr 2024 15:23:38 GMT
Sometimes you just have to "risk it for the biscuit.' Capital markets are, for the most part, a little more complicated than, say, a recipe for next level dark chocolate brownies with salted caramel. Occasionally the topic of LOs or brokers being abl..[read more]
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The Other Side of Sideways
Wed, 24 Apr 2024 14:31:19 GMT
The bond market has been decidedly more sideways after hitting longer-term yield highs last Tuesday. 10yr Treasuries have been a relatively narrow range since then, mostly respecting a ceiling of 4.65 and a floor of 4.57. The first two da..[read more]
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Mortgage App Volume Declines Across the Board
Wed, 24 Apr 2024 12:36:59 GMT
The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, fell back for the first time in three weeks during the week ended Aril 19 as interest rates continued to rise. The Index decl..[read more]
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Straightforward Gains After PMI Data
Tue, 23 Apr 2024 20:35:53 GMT
Straightforward Gains After PMI Data Tuesday's session was infinitely more interesting than Monday's with the caveat being Monday was a total snooze-fest. Bond market volumes were much closer to recent..[read more]
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