LOWER
How to Save Money on Everything Medicare Doesnât Cover
Capital One Quicksilver Student Cash Rewards Credit Card review: Earn 1.5% cash back, no annual fee, and build credit
The Capital One Quicksilver Student Cash Rewards Credit Card offers high risk, high reward. Are the perks worth the shortcomings?The Capital One Quicksilver Student Cash Rewards Credit Card offers high risk, high reward. Are the perks worth the shortcomings?
The post Capital One Quicksilver Student Cash Rewards Credit Card review: Earn 1.5% cash back, no annual fee, and build credit appeared first on Money Under 30.
Mortgage applications surge by almost 28%
New loan activity stormed out of the holidays with a large surge, aided by mortgage rates dropping to lows not seen in months, according to the Mortgage Bankers Association. “Mortgage application activity rebounded strongly in the first full week of January, with both refinance and purchase activity increasing by double-digit percentages, compared to last week, … [Read more…]
Big Rally Challenges Range Floor. What Next?
Big Rally Challenges Range Floor. What Next? Bonds started strong in the overnight session thanks to an unchanged policy stance from the Bank of Japan. Weaker domestic data, led by Retail Sales, gave the rally a second wind in the morning hours. While some Fed speakers pushed back, others acknowledged the new “25bp hike” reality. 10yr yields were ultimately able to break and hold below the prevailing range boundary at 3.40-3.42. Today’s video discusses the implications of that range breakout. Econ Data / Events Retail Sales -1.1 vs -0.8 f’cast, -1.0 prev (last month revised down from -0.6) Core PPI 5.5 vs 5.7 f’cast, 6.2 prev Market Movement Recap 08:38 AM Stronger overnight on BOJ announcement. Adding to gains after data. 10yr down 11.6 bps and MBS up 3/8ths. 11:34 AM Additional gains after Industrial Production data, but the rally ran its course as of 9:30am. 10yr still 13bps lower at 3.419 but up 4bps from lows. MBS still up more than a quarter point, but down nearly as much from the highs. 01:02 PM Bonds had already stopped losing ground shortly into the PM hours, but the stronger 20yr bond auction is helping reinforce the friendly bounce. 10yr down 15bps at 3.40. MBS up roughly half a point. 02:48 PM At the best levels in 10s, down 17bps at 3.379. MBS up roughly half a point depending on liquidity. 04:10 PM Choppy, illiquid mess of a day for MBS, but if we look through that noise, they’re at or above the day’s best levels (even if it doesn’t always look like it). 5.0 coupons up more than half a point. 10yr yield down 18bps at 3.37.
Mortgage rates take a breather after rising for several weeks in a row – CNN
Mortgage rates take a breather after rising for several weeks in a row CNN
Lower debuts white label mortgage platform
Lower rolled out mortgage as a service platform that enables banking and real estate companies to offer mortgage products to drum up volume.