Mortgage and refinance rates today, February 5, 2021
Today’s mortgage and refinance rates Average mortgage rates edged higher yet again yesterday. Of the last six working days, they’ve risen on five and fallen on just one. Still, each […]
Today’s mortgage and refinance rates Average mortgage rates edged higher yet again yesterday. Of the last six working days, they’ve risen on five and fallen on just one. Still, each […]
Today’s mortgage rates keep climbing | February 5, 2021 Fox Business
âItâs time for us to stop treating the purchase mortgage as some kind of market impediment or red flag for our forecasts,â says Chairman of JJAM Financial and former Ginnie Mae President Joseph Murin
Economic data is traditionally one of the key contributors to interest rate movement. Of the regularly-scheduled reports, none has more market-moving street cred than The Employment Situation–otherwise known as “the jobs report” or simply NFP (due to its headline component: Non-Farm Payrolls). The relationship between econ data and rates can wax and wane. Covid definitely threw a wrench in the works, and economists still don’t know exactly how things will shake out. In general, the market is trading on the assumption that things continue to improve even if the data isn’t making that case today. In fact, today’s jobs report specifically suggests something quite different . The economy only created 49k new jobs in January, and the last few reports were revised much lower to boot. Taken together
Posted To: MBS Commentary
Stop me if you've heard this one before, but the bond market is in the midst of a big-picture correction from the all-time lows seen in the middle of 2020. The correction has taken the form of modestly-sloped 'trend channel' (parallel lines marking higher highs and higher lows in Treasury yields). A week ago today, yields bounced at the lower end of that trend channel, thus introducing the risk of a move back to the other side (the higher side!). Resilience on Friday and Monday offered hope that yields could find a lower ceiling before making such a move, but based on bond trading within the past 48 hours, the risks remain. Hope remains as well, due to the fact that yields are still technically trying to hold under the 1.125% level which has provided support on 9 of the past 17…(read more)
A Key Indicator Suggests Mortgage Rates’ Epic Decline May Soon End Money
Today’s mortgage and refinance rates Average mortgage rates inched higher again yesterday. Although that was the latest in a recent series of increases, those rates are still nearer to the […]
Today’s mortgage and refinance rates Average mortgage rates edged higher yesterday. But, of course, they remain within their uberlow range. First thing, it’s looking as if mortgage rates might hold […]
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday, but only by the smallest measurable amount. Still, they’re only a bit higher than the all-time low set last […]
Todayâs mortgage rates stay at record lows | December 14, 2020 Fox Business