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The 4th of July, like a handful of other bond market holidays, doesn't care what day of week the 4th falls on. That makes it one of the very times each year when markets are closed mid-week. That will be the case this Wednesday. Add...
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Rob Chrisman
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I don’t think that my cat Myrtle has been asked any survey questions by any pollsters. (If she has, she hasn’t mentioned it, and if she was, I know exactly what her response would be, which would be to ignore the question.) But plenty of ... (read more) |
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MBS Commentary
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The 4th of July, like a handful of other bond market holidays, doesn't care what day of week the 4th falls on. That makes it one of the very times each year when markets are closed mid-week. That will be the case this Wednesday. Add... (read more) |
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Housing News
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Construction spending was less robust than April's 1.8 percent gain, but the May numbers came in about where the experts expected them. The Census Bureau said the total value of construction put in place during the month was a seasonally adjusted ann... (read more) |
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Mortgage Rate Watch
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Mortgage rates haven't moved for 3 straight days now. In fact, if you're not too concerned with minutia, there hasn't been any major movement in weeks. Unless something big happens in financial markets soon, we shouldn't expect that to change next we... (read more) |
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Housing News
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A current post in Freddie Mac's Insight blog looks again at the decline in homeownership among young adults and tries to determine the role played by rising housing costs. The post is based on recent research by the company's Economic and Housing Res... (read more) |
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MBS Commentary
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On 2 occasions this week, bonds set closing yield lows for the month. Moreover, if we strike the craziest day from late May from the record (since Italy was a temporary market mover), we saw the best closing levels since mid April.
It ... (read more) |
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