Weird Behavior in Rates Helping Sales; Why is Builder Confidence Good Not Great?

Things have been weird enough for mortgage rates recently that we were forced to add a ” Temporary Note on Mortgage Rate Inconsistency ” to our daily coverage recently. It will likely return before too long, but with a few edits for clarity. Edits will also need to account for days like today, which offered a prime example of how the inconsistency can be corrected. There’s a decent chance those first 3 sentences are confusing and/or relatively meaningless, so let’s change that! Mortgage rates aren’t the only rates out there. They exist in an ecosystem with more established players like US Treasury yields. They move so much like Treasury yields that even very smart people mistakenly believe Treasuries (specifically, the 10yr) dictate mortgage rates. Recently though, mortgage rates have moved
Weird Behavior in Rates Helping Sales; Why is Builder Confidence Good Not Great?
Weird Behavior in Rates Helping Sales; Why is Builder Confidence Good Not Great?

This Fed event could be a make or break moment for the markets

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Bianco Research's James Bianco believes Fed Chairman's Jerome Powell's comments at Jackson Hole will determine what happens next in the markets.

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This Fed event could be a make or break moment for the markets
This Fed event could be a make or break moment for the markets

The Fed can still help the economy, says Natixis economist Joe LaVorgna

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James Camp, managing director of strategic income at Eagle Asset Management, and Joe LaVorgna, chief economist of the Americas at Natixis, join "Squawk Box" to discuss the odds of a recession and the volatility in the markets.

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The Fed can still help the economy, says Natixis economist Joe LaVorgna
The Fed can still help the economy, says Natixis economist Joe LaVorgna

Former IMF chief economist: Recession risk depends on trade, the Fed

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Raghuram Rajan, former governor of the Reserve Bank of India and former IMF chief economist, joins "Squawk on the Street" to discuss the economy and risk of a recession.

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Former IMF chief economist: Recession risk depends on trade, the Fed
Former IMF chief economist: Recession risk depends on trade, the Fed

Rate cuts likely in September as yield curve flashes recession warning

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CNBC's Steve Liesman takes a look at what's ahead for the Fed as the yield curve points toward a recession, even as the consumer remains strong.

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Rate cuts likely in September as yield curve flashes recession warning
Rate cuts likely in September as yield curve flashes recession warning

Consumer sentiment index 92.1 vs. 97 expected

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CNBC's Rick Santelli reports on weaker-than-expected consumer sentiment numbers on CNBC's "Squawk on the Street".

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Consumer sentiment index 92.1 vs. 97 expected
Consumer sentiment index 92.1 vs. 97 expected

Here's how the markets are pricing in a potential rate cut

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CNBC's Steve Liesman breaks down what the Fed might do next amid market volatility and recession fears.

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Here's how the markets are pricing in a potential rate cut
Here's how the markets are pricing in a potential rate cut

Boockvar: U.S. consumer is keeping us out of recession

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Peter Boockvar, Bleakley Advisory Group Chief Investment Officer & CNBC Contributor, discusses a wild week in trading, global markets, and the risk of recession

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Boockvar: U.S. consumer is keeping us out of recession
Boockvar: U.S. consumer is keeping us out of recession

Buying a Home: Do You Know the Lingo? [INFOGRAPHIC]

Buying a Home? Do You Know the Lingo? [INFOGRAPHIC] | Simplifying The Market

Buying a Home? Do You Know the Lingo? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Buying a home can be intimidating if you’re not familiar with the terms used throughout the process.
  • To point you in the right direction, here’s a list of some of the most common language you’ll hear when buying a home.
  • The best way to ensure your home-buying process is a positive one is to find a real estate professional who will guide you through every aspect of the transaction with ‘the heart of a teacher.’

Buying a Home: Do You Know the Lingo? [INFOGRAPHIC]
Buying a Home: Do You Know the Lingo? [INFOGRAPHIC]

3-Year Low Mortgage Rates; New FHA Rule Makes Condo Buying Easier

Mortgage rates fell today as the underlying market for mortgage-backed-securities (MBS) actually did a better job of keeping pace with broader bond market gains–not something they’ve been doing very well lately! For some lenders, it was enough to get them back to August 6th’s levels, which were the best in nearly 3 years. The average lender can quote a conventional 30yr fixed rate of 3.625% for top tier scenarios. That said, there is much more variability between lenders at the moment. Take a look at the ” Temporary Note on Mortgage Rate Inconsistency ” below to learn more about why things have been volatile and inconsistent. There’s no reason to expect broader market volatility to suddenly disappear, but as long as Treasury yields don’t undergo a massive spike, the mortgage market should
3-Year Low Mortgage Rates; New FHA Rule Makes Condo Buying Easier
3-Year Low Mortgage Rates; New FHA Rule Makes Condo Buying Easier