By matthew graham posted To: MBS Commentary The first two days of the week were largely spent lamenting the slow and inconsequential nature of summertime trading in the bonds market. At least that’s how I spent them. Superstitious market watchers would quickly point out that such lamentations invite unexpected volatility.
Mortgage Rates Sink to 3-Year Low; Fewest Foreclosures in 9 Years Mortgage rates just tanked thanks to the Fed – and they could go even lower – CNBC mortgage rates fell quickly after the Fed’s announcement Wednesday that it would be getting back into the bond-buying business, big time – which could take rates even lower. The average rate on the popular 30-year fixed, which had been sitting for days at 4.40 percent, fell sharply to 4.34 percent, according to Mortgage News Daily.The average rate on a 15-year fixed rate mortgage is 3.13% (0.5 point) The average rate on a 5-year adjustable rate mortgage is 3.20% (0.5 point) That means that the 30-year fixed is still only seven basis points (one basis point = 0.01) above the year low for 2017 (set back on 9/7/17).
One of the most common situations is the 3-day weekend. those positions ahead of the long weekend. The point is that the rally doesn’t necessarily represent organic buying demand in bonds. All this.
A look back at history – both recent and not so recent – shows why the concept of trade wars is bad for the US economy and the US Dollar. We use a range of cookies to give you the best possible.
Mortgage rates today, January 4, plus lock recommendations January 9, 2019 Mortgage rates held steady today, after moving higher for the past 3 days. Underlying market movement was slightly calmer than it has been in recent days.. Ongoing Lock/Float. Mortgage rates today, January 17, plus lock recommendations Your car must be insured, even if you only drive it every now and then. The Continuous.
Even if we want to argue the shutdown, itself, isn’t a major market mover, it’s nonetheless playing a huge role in keeping bond markets range-bound. That range is becoming painfully obvious by the day.
As such, we begin the domestic session with 2.74% below and 2.79% above, marking the new, short-term range. Finding a reason to break below could be challenging without a much bigger stock sell-off.
The Fed surprised no one by leaving its key interest rate unchanged on Thursday. Today’s status-quo Fed meeting should have had few implications for the Dow Jones industrial average and S&P 500.
Buy-to-let crackdown: Where can you still get the biggest mortgages? Buy-to-let lenders have been limiting their mortgages for landlords in reaction to tough new legislation. But some are still offering deals under less stringent conditions. New regulation means that from January 1, lenders must test the affordability their mortgages for landlords as if they were paying a rate of 5.5pc.
Bonds like political gridlock at the moment because they’re afraid that new fiscal. done deal. 5 day charts paint a clear picture of Tuesday’s sell-off perfectly erasing Monday’s rally. Today,
Buying a home to rent on Airbnb Mortgages 101: Three things you need to know about fixed vs. variable mortgage rates If you have recently changed jobs, a lender may want to contact your previous employer. lenders want to make sure they are lending only to borrowers with stable employment. Self-employed borrowers.
· Expectations are for continuing increases in the 20% range on a year-over-year basis. . Briefing.com has a good U.S. economic calendar for the week (and many other good features which I monitor each day). Here are the main U.S. releases. Next Week’s Theme. Once again, I expect last week’s news to linger into the week ahead.
The yield on the 10-year Italian bond declined 15 basis points, to 1.95%; meanwhile, the 10-year german bund yield decreased 3 basis points, to a record low of -0.36%. General global growth concerns and defensive positioning were the name of the day ahead of tomorrow’s Fourth of July holiday.
Most of April had been bad for bonds. to push yields to new 6-year highs, and that would likely create technical momentum of its own. Bottom line: it’s a good time to be extra cautious until after.