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Mortgage rates moved slightly higher today as trade war fears waned for financial markets. There's not a direct connection between trade issues and mortgage rates, but like any prominent financial news, there are usually only a few degrees of separation. In the current case, stocks had moved quickly lower in recent weeks as the trade war potential increased. That weakness ultimately threatened to push stocks below early February's "crash" levels. Investors assumed that additional weakness would follow if that line in the sand is crossed. With that in mind, the bond market got in position to soak up some of the panic money fleeing from the stock market. When there is extra demand for bonds, bond prices rise and interest rates fall--all other things being equal. From there, the bonds that underlie
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Mortgage Rate Watch
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Mortgage rates moved slightly higher today as trade war fears waned for financial markets. There's not a direct connection between trade issues and mortgage rates, but like any prominent financial news, there are usually only a few degrees of separat... (read more) |
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Housing News
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Mortgage credit access tightened for the second straight month in March. The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) declined 1.5 percent to 177.9 compared to February and has lost 5.0 points since Januar... (read more) |
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Housing News
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Along with a declining rate of homeownership, analysts have noted over the last few years that fewer Americans appear to be heavily invested in the dream of owning a home. New research from Freddie Mac gives more credence to what a company official c... (read more) |
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Rob Chrisman
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My father was in the U.S. Navy for 20 years (1942-1962) and his first home loan in 1967 was a VA 30-year fixed rate mortgage. That was obviously pre-internet, and now there are tools on the web to help veterans. For example, want to help your VA borr... (read more) |
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MBS Commentary
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The month of March was characterized by 10yr yields repeatedly bouncing at a floor of 2.80% in terms of 10yr yields. At the time, I argued that--while we were indeed seeing 2018's first correction after the nasty little sell-off in the first 45... (read more) |
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MBS Commentary
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I'm running out of ways to talk about trade-war-related headlines driving risk-on vs risk-off movement in stocks and bonds. In case you've missed it, this simply refers to stock market losses heading into the end of last week in response... (read more) |
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consumerfinancemonitor.com
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