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

DPA, Non-QM Products; Deficits, Debt, The Yield Curve, and Mortgage Rates

Posted To: Pipeline Press

Some international rates have gone through 0 percent and are now negative. The low rates and high volumes have caused lenders to focus less on long-term planning and more on closing loans. Who can blame them? How would U.S. mortgage rates near 0 percent impact the future refi market for lenders? Here’s a piece worth a skim on why mortgage rates probably won’t hit 0% Mortgage Rates: Thinking the Unthinkable .” The yield on the 10-year Treasury note has fallen below the two-year yield for the first time since the financial crisis, causing a sell-off in the stock market. The 30-year yield is at an all-time low. An inverted yield curve has preceded every recession since 1950 by seven to 24 months. But former Federal Reserve Chair Janet Yellen says the latest inversion of the yield…(read more)

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DPA, Non-QM Products; Deficits, Debt, The Yield Curve, and Mortgage Rates
DPA, Non-QM Products; Deficits, Debt, The Yield Curve, and Mortgage Rates

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

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

MBS RECAP: Mortgage Market Starting to Play Like it Wants to Stay In The Game (Finally)

Posted To: MBS Commentary

Bonds digested the week's busiest day of economic data, by far, today. But markets in general are only interested in data that changes the economic narrative. Today's only real candidate in that regard would have been a surprisingly weak Retail Sales report. Since we didn't get that (it was stronger), bonds underwent a token sell-off and were quickly right back to paying attention to other things. Europe volunteered to be one of those "other things" today with talk of central bank stimulus from an ECB official. There were also a few blows traded in the trade war saga with China vowing "countermeasures" and Trump tweeting that any trade deal had to be on "our terms." No game changers there, but they certainly didn't hurt bonds. The afternoon saw…(read more)

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MBS RECAP: Mortgage Market Starting to Play Like it Wants to Stay In The Game (Finally)
MBS RECAP: Mortgage Market Starting to Play Like it Wants to Stay In The Game (Finally)

Mortgage Rates Fall Back Down to 3-Year Lows

Posted To: Mortgage Rate Watch

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…(read more)

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Mortgage Rates Fall Back Down to 3-Year Lows
Mortgage Rates Fall Back Down to 3-Year Lows

Homebuilder sentiment rose in August, here's why

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Low mortgage rates are bringing home buyers back. CNBC's Diana Olick reports on the sentiment in the industry.

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Homebuilder sentiment rose in August, here's why
Homebuilder sentiment rose in August, here's why

Here's how to trade the 10-year after the yield curve inverted for the first time in 12 years

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Is the bond market flashing a warning sign? Trading Treasurys now, with CNBC's Eric Chemi and the Futures Now traders, Scott Nations and Jim Iuorio, both at the CME.

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Here's how to trade the 10-year after the yield curve inverted for the first time in 12 years
Here's how to trade the 10-year after the yield curve inverted for the first time in 12 years

Homebuilder sentiment, mortgage applications rise on low mortgage rates

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CNBC's Rick Santelli and Diana Olick report on new economic data on business inventories, homebuilder sentiment and more.

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Homebuilder sentiment, mortgage applications rise on low mortgage rates
Homebuilder sentiment, mortgage applications rise on low mortgage rates