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Real Estate News |
Not as Bad as it Could Have Been
Fri, 20 Dec 2024 21:44:09 GMT
Not as Bad as it Could Have Been After Wednesday's Fed-driven sell-off, it was unlikely if not impossible that bonds wouldn't end up saying they had a bad week. That is certainly still the case, but after F..[read more]
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Mortgage Rates Recover Some of The Lost Ground
Fri, 20 Dec 2024 21:11:00 GMT
The week's big story is still the big jump in rates that took place after Wednesday's Fed announcement. And while rates remain noticeably elevated on the week due to that jump, they're set to end the week at slightly less elevated levels. Cred..[read more]
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Stronger Start After Cooler PCE, But Don't Expect Miracles
Fri, 20 Dec 2024 14:54:51 GMT
This week's biggest to-do in terms of economic reports was this morning's PCE inflation data. The fact that the Fed just said it was shifting its primary focus away from the labor market and back toward inflation made PCE all the more inte..[read more]
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Fairly Uneventful Follow-Up to Fed Day
Thu, 19 Dec 2024 21:30:58 GMT
Fairly Uneventful Follow-Up to Fed Day Considering everything that transpired yesterday, today's follow-up was about as calm as we could have hoped for. Bonds lost ground, but the losses were focused on the..[read more]
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If You're Struggling to Understand This Week's Mortgage Rate Spike, This is For You
Thu, 19 Dec 2024 20:50:00 GMT
We received some anonymous feedback regarding recent rate commentary that serves as a good reminder that not everyone may be picking up what we're putting down, or worse yet, picking up things that we never put down in the first place. W..[read more]
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Highest Existing Home Sales Since March
Thu, 19 Dec 2024 20:33:00 GMT
Just in time for the big jump in interest rates seen after yesterday's Fed announcement, the latest Existing Home Sales data from the National Association of Realtors (NAR) shows sales at the highest seasonally adjusted pace since March. Compar..[read more]
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Non-QM Servicing, HELOC, POS Products; FHA News; Rate React to Fed's New Dots
Thu, 19 Dec 2024 17:04:15 GMT
When I see a headline with "housing' and "crash' in it, I think it is merely clickbait, and the author is trying to attract readers. For example: The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages ..[read more]
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Weaker Momentum Continues, Regardless of Data
Thu, 19 Dec 2024 15:29:19 GMT
The takeaway from yesterday's Fed announcement was twofold. First, the Fed is much closer to being done cutting rates than it anticipated in September. This accounts for the sharp sell-off in bonds and stocks. The second takeaway is simpl..[read more]
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Dots and Powell Were Much Less Friendly Than Markets Expected
Wed, 18 Dec 2024 22:07:36 GMT
Dots and Powell Were Much Less Friendly Than Markets Expected We knew the bond market was expecting a hawkish shift in the dot plot (the chart that shows each Fed member's expectation for the Fed Funds Rate in th..[read more]
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Mortgage Rates Jump Abruptly Higher After The Fed's Rate Cut
Wed, 18 Dec 2024 21:19:00 GMT
If anyone needed any further convincing that a Fed rate cut is no guarantee of lower mortgage rates, today is a great piece of evidence. Perhaps "great" is the wrong word. There was nothing great about the mortgage rate movement following..[read more]
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