Many commentators have been predicting for weeks that mortgage pricing had hit its recent peak, and for much of that time, the market proved them wrong. Not so last week, as mortgage pricing dropped almost 1 point from its all-time high on little US news of significance in a holiday-shortened week.
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Positive Data Pressures Rates; Inflation, Manufacturing, Consumers Eyed
- Employment Situation Improves; Mortgage Pricing Turns
After a week that saw a few comments from Federal Reserve Chair Bernanke move mortgage pricing by 1/2 point in a single day, many mortgage originators and borrowers hoped for a quieter week. This was something of a tall order on a week in which so much employment data was scheduled to be reported. Instead,.. - Mortgage Rates Rise Sharply on Inflation Fears, G20 Pressure
After several months of stability at very high pricing levels, the floor dropped out from under mortgage pricing last week. Mortgage prices fell 175 basis points, or 1.75 points last week, as traders headed for the exits. .. - Mortgage Rates Rise Sharply on Inflation Fears, G20 Pressure
After several months of stability at very high pricing levels, the floor dropped out from under mortgage pricing last week. Mortgage prices fell 175 basis points, or 1.75 points last week, as traders headed for the exits. Treasury prices were also under a lot of pressure, with the benchmark 10-year yield rose 20 basis points,.. - Jobs Grow, Unemployment Flat, Fed Acts in a Busy Week
Last week brought more market-affecting news than any in recent weeks. On top of a long-anticipated meeting of the Federal Reserve Open Markets Committee, the week also contained any month’s most significant economic report, the Employment Situation, or Non-Farms Payrolls report. Let’s take a look at the effect these reports have had on mortgage rates .. - Employment Data Roil Mortgage Rate Markets
The first week of any month is typically a very active week, from an economic data perspective, and January 3rd to January 7th 2010 was no exception. Mortgage pricing continued its recent volatility last week, as conflicting employment data exerted their forces on Mortgage-Backed Security prices. ..