MBS RECAP: Best Levels in More Than a Week Ahead of CPI

Another Missile Test Overview: Over the past week, yet another increase in tensions with North Korea was positive for mortgage rates. Recent economic data had little impact. As a result, mortgage rates ended at the best levels since before the November elections. North Korea conducted another missile test on Sunday.

Treasury yields fell overnight, reaching the best levels in 3 sessions. consolidative range (discussed in the Day Ahead). Even then, we can’t read too much into any of this week’s movement in bond.

Consolidations like this can happen simply because markets are catching their breath after a strong move or because they’re settling down ahead. be much more they could say to make traders think.

Mortgage Rates Remain at Highest Levels in Seven Years Despite Stock Market Commotion – Research Mortgage rates today, July 6, 2018, plus lock recommendations Mortgage rates today, May 29, 2019, plus lock recommendations Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates.Since the fourth quarter of 2018, the stock market has. the 7,626 historic high from November. The JOLTS rate was unchanged at 4.7%, and is up from 4.5% in February. Mortgage rates dropped to their.Mortgage rates today, March 8, 2019, plus lock recommendations Rates and program information are deemed reliable but not guaranteed. Rates on this page are based on the purchase of a single-family, single-unit, detached, primary residence located in Richmond, VA (home of SunTrust Mortgage, A Division of SunTrust Bank). Rates also assume a 30 day lock and are subject to change without prior written notice.Mortgage rates today, February 22, 2019, plus lock recommendations Rates, terms, and fees as of 6/19/2019 04:12 PM Eastern Daylight Time and subject to change without notice.. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.. it includes the interest rate plus other charges or fees. For home equity lines, the APR is just the interest rate

Posted To: MBS Commentary Bonds managed to scratch out a 2nd day of "recovery" leading back from the highest yields in more than 4 years seen on Wednesday. If you don’t want to read more than 3 sentences, I can tell you that it looks like yield curve trading and technical levels in the 2s/10s curve were primarily responsible for the gains.

Mortgage rates hit new lows but housing demand lags without tax credits Mortgage rates hit new lows but housing demand lags without tax credits july 1, 2010 | 8:48 am A good news-bad news scenario continues on the housing front, with mortgage interest rates dropping again to record lows, according to the latest survey by home-loan buyer freddie mac .

MBS RECAP: Best Levels in More Than a Week Ahead of CPI Nov 13 2018, 4:51PM CPI (the Consumer Price Index) has been the most relevant economic report on the horizon since the balmy NFP report from.

MBS RECAP: Bonds Go 3 For 3 on Friendly Developments.. yields dropped more than 4bps and Fannie 3.5 mbs gained more than a quarter of a point. Both sides of the bond market were already close to their best levels in well over a year, and both were already pushing the stronger end of their.

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How do gold prices affect mortgage rates? Most mortgage loans are sold into the secondary market. The secondary market then sells "pools" — groups — of mortgages or creates mortgage-backed securities into the investment market. Their competition is bonds — longer term investments with specified returns — interest rates. This causes bond rates and prices to directly affect mortgage.

The fed looked vindicated. Since then, more than a few pieces of data have argued the other point. Most recently it was the Jobless Claims report this morning, showing the best levels since 1969, more than fully reversing the labor market missteps seen in the late 2018 data (yes, even before the government.