Today’s Originations linkfest: must-read housing and rate stories. Plus some fun stuff.
Electorate may quickly forget about candidates’ policy positions, but market participants haven’t forgotten about Europe’s debt woes. This keeps a cap on rates.
Rates starting the week better on worries that Greece is tip of iceberg.
Upside rate risk this week on improving U.S. economy.
Quick recap today’s stats (w/charts) on jobs, housing, manufacturing, consumer
Rates Open Down, Preview of Trading Week During Friday’s short bond trading day, mortgage and Treasury bonds rise as investors sought safe havens from a euro zone debt crisis. 10-yr notes were 12/32 higher in price to yield 2.87%. 5-yr notes, probably a better proxy for MBS prices given the life of new-production mortgages, were
Zero-point rates on 30yr fixed Conforming loans (up to $729k) begin this week up about .125% after touching record low levels the week of May 17, and rates on Jumbo loans (above $729k) are steady. Rates are holding just above record lows because global investors continue to be net buyers of Treasury and mortgage bonds
Rates/commentary for the week of March 22, 2004. I am back in the saddle after my wedding and two amazing weeks in Hawaii. While I was away, a dismal jobs report caused rates to drop below all-time lows from May 2003. This news would usually correct itself as investors realize all other economic fundamentals are