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Real Estate News |
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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What You See Today Won't Necessarily Be What You See Tomorrow
Mon, 13 May 2024 20:41:11 GMT
What You See Today Won't Necessarily Be What You See Tomorrow With essentially nothing on the event calendar to start the new week, it was fair to expect a continuation of the same sideways drift that characteriz..[read more]
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Mortgage Rates Inch to New 1-Month Lows
Mon, 13 May 2024 20:24:00 GMT
Last Thursday, mortgage rates merely had to hold steady in order to hit 1-month lows. In other words, Wednesday's rates were low enough to earn that distinction, but it technically hadn't been a full month since rates were decisively lower.&nbs..[read more]
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Company Webinars; POS, Non-Agency Products; STRATMOR and Customer Service; Freddie and Fannie News
Mon, 13 May 2024 15:41:50 GMT
Ahead of the upcoming MBA conference in Manhattan, as a reminder, we have five senses. All of them are important, with perhaps smell being the most under-rated. Hotel chains are very cognizant of this, and here's how hotels smell their best. It is al..[read more]
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High Stakes Week With CPI and Retail Sales on Wednesday
Mon, 13 May 2024 15:17:33 GMT
In 2023 and especially 2024, the first bullet point in the bond market's job description is to focus on Core CPI above all other economic reports. In fact, it's not uncommon for a big CPI reaction to set the tone with traders largely waiting fo..[read more]
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Higher Inflation Expectations Keep Yields Range-Bound
Fri, 10 May 2024 20:24:02 GMT
Higher Inflation Expectations Keep Yields Range-Bound It's not as if bond yields stood any real chance of breaking outside the week's prevailing range based on today's starting point, but by losing a modest amoun..[read more]
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The Upcoming Week Will Be Significantly More Volatile
Fri, 10 May 2024 20:24:00 GMT
In general, you should be skeptical any time someone says a future week will be more volatile. There's really no way to know such things in advance, but this time is an exception. While we can't have any idea which direction rates will move n..[read more]
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