fed

How Are Mortgage Rates Determined? – NextAdvisor

How Are Mortgage Rates Determined?  NextAdvisor

Mortgage rates fall to lowest level since September – Fox Business

Mortgage rates fall to lowest level since September  Fox Business

Will There Be a Buyer’s Housing Market in 2021?

It’s common sense. A person buying a new home wants the price to be as low as possible. A person selling a house wants the price to be as high as possible. Where they meet in the middle is when a house sale happens. Sometimes, though, things favor the buyers, and other times, things favor […]

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Column: Fed up with failed leadership, L.A. voters backed mansion tax to help the homeless. Will it work?

Measure ULA creates a stream of money — up to $1 billion a year — and citizen oversight to tackle homelessness. Voters have backed it by a wide margin.

Fed can shrink reserves by $2 trillion without missing a beat: Waller

Federal Reserve Governor Christopher Waller said roughly $2 trillion of reserves could be taken out of the banking system without disrupting banks. Waller discussed monetary policy and his views on the economy during an hourlong event Friday afternoon hosted by the Council on Foreign Relations. During the event, he said the Fed could reduce its … [Read more…]

Here’s What’s Up With These Big Swings in MBS Prices

Here’s What’s Up With These Big Swings in MBS Prices Thursday ended up being a boring, uneventful trading day as far as the broader bond market was concerned.  It wasn’t without interesting developments though.  One of them directly impacts loan pricing going forward (at some point in the near future when lenders update their rates accordingly) due to revamped LLPAs.  The other is more of an ongoing phenomenon: a lack of liquidity in MBS at various moments of any given day.  Don’t confuse this with a lack of willing buyers.  They’re out there.  Rather, it’s about the way that market participants enter prices quotes and how that risks giving the wrong impression to those of us who are simply interested in tracking intraday rate sheet risks. Econ Data / Events Jobless Claims  190k vs 214k f’cast, 205k prev Philly Fed Biz Index -8.9 vs -11.0 f’cast, -13.7 prev Prices 24.5 vs 36.3 prev Jobs 10.9 vs -0.9 prev 6-mo outlook 4.9 vs -0.9 prev Market Movement Recap 08:48 AM Modestly weaker overnight, slight recovery early and back to worst levels after data.  10yr up 3.5bps at 3.41.  MBS down a quarter point. 01:33 PM Slightly weaker vs AM levels.  10yr up 3.7bps at 3.41 and MBS down just under a quarter point.  03:10 PM Sideways grind of a day despite liquidity-driven volatility in MBS.  Currently down just over an eighth.  10yr up 2.6bps at 3.399. 

Mortgage rates hit 20-year high – CNN

Mortgage rates hit 20-year high  CNN