Bonds trade in tight range; 2nd quarter GDP on the way; Corporate profits eyed; 30-year fixed mortgage sets new 40 year record low; Housing numbers beat expectations; European banks checked – Recap of July 19-23 economic news and preview of July 26-30 events Bonds refused to break out of a tight range last week, ensuring homeowners
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4.56% 30-Year Fixed Mortgage Sets 40-Year Record Low With 2nd Quarter GDP Coming
- 4.56% 30-Year Fixed Mortgage Sets 40-Year Record Low With 2nd Quarter GDP Coming
Bonds trade in tight range; 2nd quarter GDP on the way; Corporate profits eyed; 30-year fixed mortgage sets new 40 year record low; Housing numbers beat expectations; European banks checked – Recap of July 19-23 economic news and preview of July 26-30 events Bonds refused to break out of a tight range last week, ensuring.. - Sparse Data, even Fewer Traders Define Week
In a week in which it appeared that half of Wall Street had run off to the Hamptons, economic data showing the economy might or might not be as well off as it was 2-3 months ago caused some wild swings in mortgage pricing. Mortgage pricing is close to its all-time peak right now, meaning.. - Mortgage Rates Jump Sharply, Stabilize at New Level; Still Near Historical Lows
Mortgage and Treasury markets spent most of last week coming to terms with a new pricing equilibrium that was sharply worse than that to which they had become accustomed. At the end of the week, though, mortgage markets appeared to be adjusting to the new equilibrium. While 10-year treasury rates worsened by as much as.. - Muted Inflation Helps Mortgage Rates Move Sideways
After opening the year with mixed news about employment, the second week of January brought even more insight into the health of the nascent economic recovery. For several months, traders have worried about the potential rise in inflation that could be caused by the Federal Reserve’s Quantitative Easing program. .. - Random Thoughts About Fannies New LQI
I do not have good news for you…Fannie’s Loan Quality Initiative (effective july 1, 2010) is gonna happen… Brokers, Correspondents, and Everyone else – expect your QC on the post-closing side to tighten-up. The big news here really is the pre-funding QC – I have to shake my head as I try to think about how..